Economic data indicated persistent inflation and rising unemployment, which led to a dip in stock futures on Thursday.
The S&P 500 and Dow Jones Industrial Average were expected to slip below all-time highs.
Dow Jones Industrial Average-linked futures dropped 90 points, or 0.2%, over this period. Futures for the Nasdaq 100 dropped 0.6% and the S&P 500 dropped 0.2%.
After rising 2.4% from the prior year and 0.2% on a monthly basis, the September consumer price index exceeded expectations last month. It exceeded the 2.3% growth and 0.1% gain that Dow Jones’ poll of analysts predicted.
Source (CNBC)
