Ahead of the release of the September consumer price index report, investors sold off U.S. stock futures on Thursday.
A 0.1% or 50 point drop was seen in futures linked to the Dow Jones Industrial Average. Futures for the Nasdaq 100 dropped 0.2% and the S&P 500 dropped 0.1%.
Investors are waiting for more evidence that inflation is trending downward in anticipation of September’s CPI report, which is scheduled for release at 8:30 a.m. ET. A 2.3% increase over the previous 12 months is predicted by Dow Jones economists, and a 0.1% increase on a monthly basis.
Source (CNBC)
