Dow Futures - US wages rise faster than expected avg pay rose 12 cents or 0.4% to $33.58 ahead of expected 0.3% rise. Over past year, average hourly earnings have increased 4.4%, ahead of expected 4.2% That indicates earnings are rising ahead of inflation. Dow futures fall more than 60 points!

6:23am PDT - July 7th, 2023

US wages rise faster than expected avg pay rose 12 cents or 0.4% to $33.58 ahead of expected 0.3% rise. Over past year, average hourly earnings have increased 4.4%, ahead of expected 4.2% That indicates earnings are rising ahead of inflation. Dow futures fall more than 60 points!

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Anish Nanda (@anish_nanda)