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Stocks Pull Back Following Inflation Data
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Updated from 7:43 a.m. EDT
Premarket futures were indicating a lower open for U.S. stocks Thursday as the release of demoralizing inflation numbers outstripped a positive earnings statement from retail colossus Wal-Mart (WMT Quote).
Futures for the S&P 500 were down 4 points at 1281 and were 5.5 points below fair value. Nasdaq futures were lower by 6.5 points at 1935 and were 10 points short of fair value.
On Wednesday, the major indices spent nearly all day in negative territory, pounded by somewhat discouraging retail sales data and an uptick in crude-oil prices.
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
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