Oct 10 (Reuters) - Stock index futures extended losses
on Thursday as data showed U.S. inflation was higher than
expected in September, hinting at the possibility of fewer
interest-rate cuts later this year.
A Labor Department report showed the Consumer Price Index
rose 2.4% in September on an annual basis, compared with an
estimate of a 2.3% rise. It rose 0.2% in the month, versus an
estimate of a 0.1% increase.
The core figure, excluding volatile food and energy
components, rose 0.3% on a monthly basis against a forecast of a
0.2% rise. Annually, core inflation was 3.3% versus an estimated
3.2% increase.
Investors also scrutinized a Labor Department report that
showed jobless claims were 258,000 for the week ended Oct. 5,
versus an estimate of 230,000.
At 8:33 a.m. ET, U.S. S&P 500 E-minis were down 12.5
points, or 0.21%,, Nasdaq 100 E-minis were down 69.25
points, or 0.34%, Dow E-minis were down 70 points, or
0.16%