US STOCKS-Futures lower as focus shifts to inflation data

Futures dip: Dow 0.10%, S&P 0.11%, Nasdaq 0.16% May 10 (Reuters) - U.S.stock index futures were lower on Wednesday as investors awaited a key reading on inflation to see whether the Federal Reserve was successful in bringing down rising prices. The Consumer Price Index (CPI) is expected to have risen 0.4% last month after gaining 0.1% in March, while the so-called core CPI (excluding volatile food and energy components) is expected to remain at 0.4% in April from the prior month.The Labor Department report will be released at 0830 ET (1230 GMT). "If CPI comes in hot, coupled with a…

by jonathondaulton
28 de dezembro de 2023
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