By Oliver Gray
Investing.com - U.S. stock futures moved higher in overnight trade on Sunday, recovering slightly from last week’s declines that saw and S&P retreating for five consecutive sessions, while the Nasdaq Composite registered its third consecutive negative session as the coronavirus Delta variant continues to hamper economic growth, while persistent inflation fears following Friday’s producer prices reading also dented risk sentiment.
Among data, U.S. producer prices rose 0.7% in August and 8.3% year over year, posting the biggest annual gain in nearly 11 years. The reading added to fears of persistently high inflation amid supply chain pressures to the the ongoing COVID-19 pandemic.
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