"Stocks Slip as Inflation Data and Fed Rate Speculation Rattle Investors"

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Source: CNBC
"Stocks Slip as Inflation Data and Fed Rate Speculation Rattle Investors"
Photo: CNBC
TL;DR Summary

Stock futures are nearly unchanged as investors digest strong inflation data and corporate earnings reports, with Dow Jones, S&P 500, and Nasdaq 100 futures trading near the flatline. Adobe and Ulta stocks dropped significantly in after-hours trading due to weak sales guidance and underwhelming earnings forecasts, respectively. The retreat follows a losing day on Wall Street, driven by concerns about inflation and the possibility of the Federal Reserve tightening monetary policy. Despite the recent pullback, the major stock indices are still on track to end the week higher.

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