Hot key for expectations
Hot key for expectations

CNBC reports:

Stock futures dropped on Tuesday morning after an August inflation report came in hotter than expected.

Dow Jones Industrial Average futures sank 406 points, or about 1.3%. S&P 500 futures fell 1.7% and Nasdaq 100 futures slid 2.3%.

The August consumer price index report showed a higher-than-expected reading for inflation. Headline inflation rose 0.1% month over month, even with falling gas prices. Core inflation rose 0.6% month over month.

Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, ...

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