Stock futures sink as inflation report comes in hotter than expected

Stock futures sink as inflation report comes in hotter than expected

U.S. stock futures fell Thursday after inflation data showed that consumer prices climbed more quickly than expected.

S&P 500 futures (^GSPC) fell 1.54% while futures on the Dow Jones Industrial Average (^DJI) ticked down 1.10%. The technology-heavy Nasdaq Composite (^IXIC) down by 2.50%. The 10-year treasury yield were back above 4%.

The Bureau of Labor Statistics released its Consumer Price Index (CPI) for September early Thursday, which showed prices rose 8.2% over the prior year and 0.4%…


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