S&P 500 futures slip as traders await more U.S. data after hot inflation

cnbc.com —

S&P 500 futures fell Wednesday night as traders awaited more economic data after hotter-than-expected inflation triggered a losing session. Nasdaq-100 futures dropped 0.7%, while Dow futures rose slightly. The Nasdaq Composite fell 1.9% during regular trading, its worst day since July 23, and the S&P 500 dropped 1.1%. September consumer prices rose faster than expected year-over-year, raising concerns the Federal Reserve may tighten policy more aggressively. Thursday brings producer price data, retail sales, and jobless claims, plus earnings from U.S. Bancorp, PNC, and Charles Schwab. Analysts noted inflation pressures persist amid ongoing energy supply shocks.


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