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The EIA natural gas inventory change in the United States for the week ending September 5 was 71 billion cubic feet, the largest increase since the week ending June 20, 2025.EIA Natural Gas Report: As of the week ending September 5, total U.S. natural gas inventories were 334.3 billion cubic feet, an increase of 71 billion cubic feet from the previous week and a decrease of 38 billion cubic feet from the same period last year, a year-on-year decrease of 1.1%. At the same time, it was 18.8 billion cubic feet higher than the five-year average, an increase of 6.0%.The EIA natural gas inventory in the United States for the week ending September 5 was 71 billion cubic feet, which was expected to be 70 billion cubic feet and the previous value was 55 billion cubic feet.The U.S. EIA natural gas inventory for the week ending September 5 will be released in ten minutes.September 11th news, although the U.S. core CPI rose by 0.3% month-on-month in August, the Feds preferred inflation indicator, the "core PCE inflation index," may have risen by less than 0.2% last month. This is the conclusion reached by analysts after studying the CPI and PPI data released this week. If they are correct, the core PCE inflation rate in August may stabilize at 2.9% year-on-year, which may allow the Federal Reserve to take a more optimistic view on price pressures at its September meeting. Capital Economics analyst Stephen Brown wrote: "In short, core PCE inflation will remain on track and will not be worse than the Feds June forecast of rising to slightly above 3% by the end of the year."

S&P 500 (SPY) Set For A Sell-Off After Shocking Inflation Data

Alice Wang

Sep 14, 2022 14:24

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Pressure on Stocks Increased by Inflation Data

In premarket trade after the publication of US inflation statistics, S&P 500 futures are down 2.4%.


In August, the inflation rate rose by 8.3% year over year, according to the data, against the consensus estimate of 8.1% among analysts. Analysts had predicted a 0.3% rise, but the Core Inflation Rate increased by 0.6% month over month.


Since many traders thought that reduced oil prices would increase pressure on inflation, the markets were stunned by the inflation statistics. The approaching Fed meeting's anticipations have drastically shifted. According to the FedWatch Tool, there is a 90% chance that rates will go up by 75 basis points at the next meeting, and a 10% chance that rates would go up by a startling 100 basis points.


Unsurprisingly, the U.S. dollar increased after the publication of inflation statistics. The level of Treasury yields increased. At the moment, the yield on 2-year Treasuries is attempting to rise beyond the 3.70% mark.


In today's trade, tech stocks will face significant pressure from increasing Treasury rates and higher inflation. Apple, Microsoft, Alphabet, and Amazon are among the top tech companies with premarket trading losses of between 2 and 3%.


Given that the S&P 500 saw a significant increase in recent trading sessions, the sell-off may be widespread today. It is unclear if any market section will get support from investors.

The S&P 500 Futures Index Dropped Below The 50 EMA

S&P 500 futures have successfully descended below the 50 EMA at 4050 and are now heading in the direction of support around 4015. If S&P 500 is able to go below this mark, it will move toward the next support level, which is at 4000. S&P 500 will be pushed into the support at 3980 if this level is moved below.


In order for the S&P 500 to have a chance of gaining upward momentum in the near future, it must get back above the 50 EMA. The S&P 500's subsequent resistance level is at 4080. If the S&P 500 returns to being above this point, it will move in the direction of the resistance at 4100.

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