Equity futures pulled back in response to this morning’s data.
The S&P 500 futures are up 1 point and are trading roughly in line with fair value.
The Nasdaq 100 futures are up 4 points and are trading slightly above fair value.
The Dow Jones Industrial Average futures are down 96 points and are trading 0.3% below fair value.
Treasury yields turned lower in response to the data.
The 2-yr note yield, at 4.45% shortly before 8:30 ET, is down three basis points to 4.36%. The 10-yr note yield, at 3.65% before the data, is down three basis points to 3.60%.
The U.S. Dollar Index also turned lower, down 0.3% to 104.01.