Stock Futures Falling as the Trump Rally Falters Ahead of CPI Inflation Data
U.S. stock futures were retreating on Wednesday, extending Tuesday’s declines. It looks like traders are taking stock of the big gains after Donald Trump won the election last week.
Dow Jones Industrial Average futures lost 86 points, or 0.2%, after falling yesterday from a record close on Monday. S&P 500 futures retreated 0.1%, while contracts tied to the technology-heavy Nasdaq 100 declined 0.1%.
Other than speculation about what Trump will do to help company profits, there hasn’t been much news to move shares. That could change today when new inflation figures are released that are expected to show price gains are still above the Federal Reserve’s target, which may cast doubt on another interest-rate cut in December.
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