Dec. 20 (Bloomberg) -- U.S. stock-index futures gained after a government report showed a bigger-than-expected drop in producer prices, suggesting inflation is under control.
Shares of Morgan Stanley, the world's No. 2 securities firm by market value, advanced after the company reported revenue that exceeded analysts' estimates.
Standard & Poor's 500 Index futures expiring in March added 2.40 to 1269.90 as of 8:35 a.m. in New York. Dow Jones Industrial Average futures gained 22 to 10,910 and Nasdaq-100 Index futures increased 4 to 1683.50.
. . .
Prices paid to factories, farmers and other producers declined 0.7 percent last month, the most since April 2003 as energy prices receded, the Labor Department said. Excluding energy and food, core prices rose 0.1 percent. Economists expected prices to fall 0.5 percent and rise 0.2 percent, respectively, according to a Bloomberg News survey.
