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US STOCKS SNAPSHOT-Futures pare losses after tame inflation data

Published 06/12/2019, 08:38 PM
Updated 06/12/2019, 08:40 PM
US STOCKS SNAPSHOT-Futures pare losses after tame inflation data
ESZ24
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1YMZ24
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NQZ24
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June 12 (Reuters) - U.S. stocks futures pared losses on
Wednesday after data showed consumer prices barely rose in May,
pointing to moderate inflation that could increase pressure on
the Federal Reserve to cut interest rates this year.
The Labor Department said its consumer price index edged up
0.1% last month, in line with expectations of economists polled
by Reuters. Excluding the volatile food and energy components,
the CPI nudged up 0.1% for the fourth straight month. 8:32 a.m. ET, Dow e-minis 1YMc1 were down 41 points,
or 0.16%. S&P 500 e-minis ESc1 were down 4 points, or 0.14%
and Nasdaq 100 e-minis NQc1 were down 19.5 points, or 0.26%.
A few minutes earlier, Dow e-minis 1YMc1 were down 56
points, or 0.21%. S&P 500 e-minis ESc1 were down 6.25 points,
or 0.22% and Nasdaq 100 e-minis NQc1 were down 27.5 points, or
0.37%.

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