Investors are bracing for key inflation data later this week as oil prices surge past $100 per barrel for the first time since late July, with WTI at $95 and Brent at $100, up 2.8% amid the Strait of Hormuz conflict. Pre-market futures are lower, with the Dow down 279 points, the S&P 500 down 25, and the Nasdaq down 172, while bond yields remain elevated. Thursday's Producer Price Index for August is forecast to rise 5.3%, up from July's 4.7%, and Friday's Consumer Price Index is expected to hold at 3.4%, with core CPI at 2.5%. In earnings, Jersey Mike's Subs reported Q2 revenues of $208 million, matching consensus, and raised same-store sales guidance, while J. Jill posted a 110% earnings surprise and Signet Jewelers beat estimates, sending shares higher.
J.Jill IncJ. Jill posted a 110% earnings surprise, a positive earnings event.
Signet Jewelers LtdSignet Jewelers beat estimates, sending shares higher.
Jersey Mike's Subs Inc.Jersey Mike's Subs matched consensus revenue and raised same-store sales guidance.
