Stock markets slip ahead of April CPI release |
Stock markets slip ahead of April CPI release
Economists expect consumer prices rose 3.7% year-over-year in April, up from 3.3% in March, as oil prices climb above $100 a barrel
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Ahead of Tuesday's open, U.S. stock futures were in retreat, with investors bracing for April's consumer price index data and monitoring a continued climb in oil prices after Wall Street had closed at record highs the day before.
Among the major indexes, Nasdaq $NDAQ 100 futures led declines with a 0.7% drop, while S&P 500 futures were off 0.3%. Dow Jones Industrial Average futures shed 46 points, equivalent to a 0.1% loss.
On the inflation front, a........