CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

US STOCKS SNAPSHOT-S&P 500 futures fall sharply after October inflation data

By Reuters News

Nov 10 (Reuters) - Futures tied to the S&P 500 fell sharply on Tuesday after a hotter-than-expected inflation reading strengthened expectations that the Federal Reserve will keep interest rates higher for longer.

A Labor Department report showed the Consumer Price Index rose 0.4% on a monthly basis, compared with estimates of a 0.3% rise, according to economists polled by Reuters.

Excluding volatile food and energy components, core CPI increased 0.3% in October, above expectations of a 0.2% gain.

At 08:32 a.m. ET, Dow E-minis were up 46 points, or 0.09%, and S&P 500 E-minis were down 26.25 points, or 0.35%. Nasdaq 100 E-minis were down 256.5 points, or 0.92%.

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk