1. Stock Futures Signal a Further Wall Street Retreat
Stock futures pointed to a drop for Wall Street on Thursday after a jump in U.S. consumer prices added to worries that higher inflation could hamper an economic recovery.
Contracts linked to the Dow Jones Industrial Average fell 164 points, S&P 500 futures were down 13 points and Nasdaq futures declined 36 points.
Stocks ended lower Wednesday for a third straight session after consumer inflation in the U.S. rose in April by the most since 2009. The Dow tumbled nearly 2%, the S&P 500 dropped 2.14% and the Nasdaq slumped 2.67%.
The Dow suffered its worst day since January.