Futures slump after hot inflation data

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Futures slump after hot inflation data
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U.S. stock index futures fell sharply on Thursday after hotter-than-expected consumer prices data raised fears of quicker interest rate hikes by the Federal Reserve.

At 08:37 a.m. ET, Dow e-minis were down 120 points, or 0.34%, S&P 500 e-minis were down 35.5 points, or 0.78%, and Nasdaq 100 e-minis were down 197 points, or 1.31%.

Reporting by Sruthi Shankar in Bengaluru; Editing by Maju SamuelSubscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

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