Investors are looking ahead to Friday's producer price index report, a measure of inflation.
Brendan McDermid | ReutersFutures tied to the Dow Jones Industrial Average rose 2 points, or 0.01%. S&P 500 futures and Nasdaq 100 futures were up 0.01% and down 0.002%, respectively. Shares of Lululemon fell nearly 7% after the company gave a weaker-than-expected fourth-quarter outlook, even though itEarlier in the day, the S&P 500 rallied to break a five-day run of losses — its longest streak since October. The broad-market index gained 0.75%, and the Dow gained 183.56 points, or 0.
Next, investors are awaiting the Friday release of the November producer price index report, which will give further information about how the Federal Reserve's interest rate hikes are working to tame high inflation. Next week, more inflation data and a Federal Reserve meeting are top of mind for traders. The November consumer price index report due Dec. 13 will further show if inflation is subsiding.
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