May 14 (Reuters) - Futures tracking Wall Street's main

indexes turned lower on Tuesday after a stronger-than-expected

producer inflation print dampened hopes of interest rate cuts

from the Federal Reserve this year.

A Labor Department report showed the producer price index

(PPI) rose 0.5% month-on-month in April, compared with a 0.3%

increase expected by economists polled by Reuters. Annually, it

rose 2.2%, in line with estimates.

The core figure, excluding volatile food and energy items,

rose 0.5% month-on-month, compared with an estimated 0.2%

increase. On an annual basis, it rose 2.4% versus estimates of

2.4%.

At 08:32 a.m. ET, Dow E-minis were down 39 points,

or 0.1%, S&P 500 E-minis were down 10 points, or 0.19%,

and Nasdaq 100 E-minis were down 61.5 points, or 0.34%.

(Reporting by Shristi Achar A in Bengaluru; Editing by Devika

Syamnath)