Sept 11 (Askume) – U.S. stock index futures continued to fall on Wednesday after data showed core inflation rose more than expected in August.
According to a report from the Labor Department, the Consumer Price Index (CPI) rose 2.5% in August compared to the same period last year, while it was expected to rise 2.6%. It is estimated to rise 0.2% this month.
Excluding the volatile food and energy components, the overall data increased by 0.3% from the previous quarter, while a 0.2% increase was expected. On an annual basis, core inflation was 3.2%, while a 3.2% increase was expected.
As of 8:33 a.m. ET, the S&P 500 E-mini index fell 23.75 points, or 0.43%, the Nasdaq 100 E-mini index fell 79.25 points, or 0.42%, and the Dow Jones E-mini index fell 259 points, or 0.63%.
