1. Producer Prices: In September, US producer prices rose 2.2% year-over-year, exceeding the estimated 1.6%. On a monthly basis, producer prices increased by 0.5%, higher than the expected 0.3%.

2. CPI Report: The Consumer Price Index (CPI) report is scheduled for the following day and is expected to have a significant impact on the market. Economists anticipate a 0.3% increase in the September CPI, with a year-over-year rate of 3.6%. Core CPI, which excludes volatile items, is forecasted to rise by 0.3% and have a year-over-year rate of 4.1%.

3. Market Rally: The stock market experienced some volatility, with the Nasdaq leading the gains. The Dow Jones, S&P 500, and Russell 2000 all had mixed performances. It's worth noting that the Nasdaq faced resistance at its 50-day moving average but closed slightly above it.

4. Federal Reserve: The recent release of Federal Reserve meeting minutes revealed that the central bank plans to maintain a "restrictive" policy, which was in line with expectations. However, there have been signals from some policymakers, including those with hawkish views, that the surge in Treasury yields has reduced the need for further interest rate hikes.

5. Earnings Reports: Delta Air Lines (DAL) was set to report earnings early the next day. Airlines like DAL have faced challenges due to rising fuel costs and concerns about travel demand, compounded by geopolitical issues such as the Israel-Hamas conflict.

6. Stocks to Watch: Notable stocks to watch included Adobe (ADBE), DraftKings (DKNG), Nvidia (NVDA), Sterling Infrastructure (STRL), and Novo Nordisk (NVO). Novo Nordisk and Eli Lilly (LLY) were rallying due to positive news about their weight-loss drugs, but this was affecting medical product stocks negatively.

7. Market Indicators: Crude oil prices fell, and gasoline futures were near 2023 lows. The 10-year Treasury yield experienced a decline, while the two-year yield saw a slight increase.

8. ETF Performance: Various ETFs, including those focused on growth, tech-software, and semiconductors, showed mixed performance. Some speculative story stocks faced declines, while ETFs related to sectors like homebuilders and infrastructure saw gains.

9. Recent Market Events: The market had been experiencing some uncertainty, potentially due to ongoing concerns. The relief in bond markets persisted as some Federal Reserve officials hinted at the potential end of the rate-hiking campaign.

10. Corporate News: Exxon Mobil made a significant deal to acquire Pioneer Natural Resources for nearly $60 billion. Additionally, Birkenstock shares debuted on the stock market, and LVMH shares experienced a decline, affecting the luxury category.

11. Ozempic Trial: Novo Nordisk's announcement that its weight-loss drug Ozempic could delay kidney disease progression had an impact on dialysis company shares and Novo's stock.

12. Producer Prices Data: September's producer price data came in slightly stronger than expected, with a 0.5% increase, though core producer prices rose by just 0.2%.

As a futures trader, you should closely monitor the upcoming CPI report, market reactions, and the broader economic and corporate developments mentioned to make informed trading decisions.

PPI is higher than expected, FED is still tight as usual; CPI tomorrow