Futures dip after July CPI data

(Reuters) - U.S. stock index futures turned lower in volatile trading on Wednesday after data showed headline inflation fell more than expected in July.

A Labor Department report showed the Consumer Price Index (CPI) rose 0.2% on a monthly basis in July, versus the 0.2% increase forecast by economists polled by Reuters. Annually, it stood at 2.9%, compared to an estimated 3% rise.



The core figure, which excludes volatile food and energy components, rose 0.2% on a monthly basis against an expectation of a 0.2% advance. Annually, it came in at 3.2%, versus an estimated 3.2% increase.

At 08:33 a.m. ET, Dow E-minis were down 37 points, or 0.09%, S&P 500 E-minis were down 2.75 points, or 0.05% and Nasdaq 100 E-minis were down 15.5 points, or 0.08%.

Source: Investing.com