In early trading sessions on Wednesday the U.S. Stock Futures recorded a fall.
After having faced the worst day in Feb, the Dow Jones Industrial Average fell 133 points on Tuesday, being recorded as an even worse day.
The Dow lost an average of 473 points, after technology stocks plummeted on Tuesday. Even though the technology stocks eventually recovered, the Dow were dragged down by the losses incurred by Home Depot, Chevron and Goldman Sachs.
The S&P 500 declined around 0.9% while the Nasdaq Composite Index settled at a 0.15 drop after declining as much as 2.2% in the early session of trading.
The session on Tuesday saw an increase in the CBOE Volatility Index, as high as 23.72.
The lurking threat of inflation has investors worried. However, any slight increase in inflation should be transitory, said Federal Reserve Chair, Jerome Powell.
The relevant data on inflation will be released on Wednesday, at 8:30 am.
The Dow Jones estimates the Consumer Price Index of April to grow 0.2% from the previous month.
This jump in the Consumer Price Index of about 3.6% since last year, would be recorded as the biggest since September, 2011.
After Indian Ministers Fail to Persuade Musk to Incorporate His Tesla Business in India, Musk Has Shifted His Focus to Indonesia
Elon Musk, the CEO of Tesla and SpaceX, is slated to visit Indonesia in November as he wraps up operations...Read more