A.M. Update – More Soft Inflation Data

S&P futures are up +0.3% Weekly initial jobless claims rose 239,000 (consensus 236,000) following last week’s count of 228,000. Continuing claims totaled 1.810 million after last week’s count of 1.823 million. The March Producer Price Index fell -0.5% in March (consensus +0.1%) after a flat reading in February (from -0.1%), leaving the YoY down to…