Nasdaq futures jump on soft U.S. CPI, but energy math clouds the relief
U.S. inflation’s biggest monthly drop since April 2020 lifted Nasdaq futures on Tuesday, but the detail was less benign: energy subtracted 0.437 percentage point from June consumer prices, more than the reported 0.4% fall, while prices outside energy added 0.015 point. The headline overstated the breadth of relief.