What to watch today: Dow futures shoot up, turn positive after key inflation data

inflation, data, dow, futures, cnbc,
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What to watch today: Dow futures shoot up, turn positive after key inflation data

BY THE NUMBERS shot higher and turned positive Tuesday after key inflation data. The government said before opening bell on Wall Street that August consumer prices rose 5.3% from a year ago. The and on Monday broke five-session losing streaks. The fell slightly for its . (CNBC) * (CNBC) Tuesday's CPI, which follows last week, comes as the grapples with whether higher inflation is temporary or here to stay. That determination is key to when central bankers might start tapering their Covid-era bond purchases. The Fed holds its two-day September meeting next week. (CNBC) IN THE NEWS TODAY (AAPL) is holding its annual iPhone event Tuesday, the company's due to the pandemic. The tech giant is expected to introduce new iPhones and updates to its AirPods and Apple Watch, according to analysts. New iPads and MacBooks Pro laptops are due for an update, too, though it's unclear whether Apple will pack all of its fall launches into one or spread them out. (CNBC) , its mobile operating system, to fix a vulnerability related to the iPhone's iMessage function. An Israeli firm had been exploiting the weakness since February, according to research group Citizen Lab. The company, NSO Group, did not