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US STOCKS SNAPSHOT-US futures extend losses after higher-than-expected inflation data
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US STOCKS SNAPSHOT-US futures extend losses after higher-than-expected inflation data
Oct 10, 2024 11:01 PM

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%

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