Markets Pause Amid Inflation Concerns and Rising Yields
TL;DR Summary
U.S. stock futures edged lower as investors awaited the latest consumer price index (CPI) data for insights on inflation, which could influence Federal Reserve interest rate decisions. The Dow, S&P 500, and Nasdaq all saw declines in the previous trading session, partly due to profit-taking and positioning ahead of key economic reports. October's CPI is expected to show a 0.2% monthly increase, with a 12-month rate of 2.6%. Meanwhile, Spotify, Skyworks Solutions, and Cava made notable moves in after-hours trading.
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