June 10 (Reuters) – U.S. stock index futures trimmed losses on Wednesday after May inflation data tempered some bets of further Federal Reserve’s policy tightening. A Labor Department report showed the Consumer Price Index rose 4.2% on a yearly basis in May, in-line with estimates. At 08:33 a.m. ET, Dow E-minis were down 305 points, […]
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Wall St futures pare declines after May inflation data
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June 10 (Reuters) – U.S. stock index futures trimmed losses on Wednesday after May inflation data tempered some bets of further Federal Reserve’s policy tightening.
A Labor Department report showed the Consumer Price Index rose 4.2% on a yearly basis in May, in-line with estimates.
At 08:33 a.m. ET, Dow E-minis were down 305 points, or 0.6%, and S&P 500 E-minis were down 38 points, or 0.51%. Nasdaq 100 E-minis were down 179 points, or 0.61%.
(Reporting by Joel Jose and Twesha Dikshit in Bengaluru; Editing by Shinjini Ganguli)