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2021-07-13

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Stock futures fall as hot inflation report overshadows better-than-expected earnings results

Stock futures fell in a sudden move after a hotter-than-expected inflation report overshadowed a str

Stock futures fall as hot inflation report overshadows better-than-expected earnings results

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The consumer price index increased 5.4% from a year ago. Economists surveyed by Dow Jones had been expecting a 5% gain. Core CPI, excluding food and energy, jumped 4.5%, the sharpest move for that measure since September 1991 and well above the estimate of 3.8%.\nWith stocks at records and the Dow Jones Industrial Average just shy of 35,000, investors had high expectations going into earnings reports. 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