Futures slump after hot inflation data -Breaking
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© Reuters. FILEPHOTO: Man walks down Wall Street in New York, September 18, 2008. REUTERS/Eric Thayer/File photo(Reuters) – U.S. Stock Index futures dropped sharply Thursday following hotter than expected consumer price data raising concerns about faster Federal Reserve interest rate increases.
At 8:37 AM. ET was down 120 point, or 0.3%, at 08:37 a.m. ET fell 35.5 points (or 0.78%) and dropped 197 points (or 1.31%).
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