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S&P 500 futures fall sharply after October inflation data

Via Reuters

S&P 500 futures fall sharply after October inflation data Reuters Tue, November 10, 2026 at 8:38 AM EST 1 min read ^GSPC +2.35% 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%.

(Reporting by Utkarsh ​Hathi in Bengaluru; Editing ​by Devika Syamnath)

Read original at Yahoo Finance News

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