Quotes of futures for US stock indices began to decline sharply on Thursday after data from the US Department of Labor indicated only a slight slowdown in inflation in the United States.
Consumer prices (CPI index) in the US in the past month rose by 8.2% in annual terms, according to data from the country’s Department of Labor.
Thus, inflation in September slowed to a seven-month low compared to 8.3% in August, but was higher than the 8.1% expected by analysts polled by Bloomberg.
Meanwhile, the number of Americans who applied for unemployment benefits for the first time increased by 9 thousand last week and amounted to 228 thousand people, updating the maximum in a month and a half. Analysts on average had expected the figure to rise to 225K, according to Trading Economics.
In addition, investors are evaluating the quarterly reports of large companies, which mostly turned out to be better than Wall Street’s expectations.
Shares of Walgreens Boots Alliance are up 1.1%. The pharmacy chain recorded a decrease in revenue in the fourth financial quarter, but the figure exceeded analysts’ expectations.
Delta Air Lines is up 1.8%. One of the largest airlines in the United States in the third quarter received revenue that was better than the same period before the pandemic in 2019 and the market forecast.
Domino’s Pizza Inc stock quotes jumped 6.5%. The American chain of pizza restaurants in the third quarter of fiscal 2022 decreased net profit, but the revenue figure exceeded consensus forecasts.
The market value of BlackRock falls by 2.7%. The world’s largest company in terms of assets under management reduced its net profit in the third quarter by 16.4%, although the adjusted figure and revenue were better than experts’ expectations.
Capitalization of Applied Materials Inc. declined 4.3% after one of the world’s largest chip manufacturing equipment manufacturers downgraded its fiscal fourth quarter revenue guidance due to US trade restrictions blocking shipments of high-tech semiconductor components and manufacturing equipment to China.
The value of the December futures E-mini on the Dow Jones index by 15:35 CSK fell by 1.36% and amounted to 28864 points. The quotation of the December E-mini futures on the S&P 500 fell by this time by 1.82%, to 3523.25 points. Futures on the Nasdaq 100 for December fell 2.81% to 10,535.75 points.
Prior to the release of inflation data, all three futures were up more than 1%.
