Stock market futures cut their early morning losses on Wednesday following the release of May inflation figures that reduced expectations for additional Federal Reserve interest rate increases.
According to a report from the Labor Department, the Consumer Price Index climbed 4.2% compared to the same period last year in May, matching analyst predictions.
As of 8:33 a.m. Eastern Time, Dow E-minis had dropped 305 points, representing a 0.6% decline, while S&P 500 E-minis fell 38 points or 0.51%. Nasdaq 100 E-minis decreased by 179 points, down 0.61%.
