Stock market today: Dow, S&P 500, Nasdaq poised to drop as inflation worries rise

Published On Nov 13, 2024, 7:05 AM

U.S. stock futures are set to drop as investors react to rising inflation concerns, especially in light of anticipated fresh data from the Consumer Price Index. This comes after a steep decline in stock prices across major indices including the Dow Jones, S&P 500, and Nasdaq, as the market grapples with expectations that an incoming Trump presidency may lead to increased inflation. Investors are concerned that higher inflation could alter the Federal Reserve's approach to interest rates, particularly as a key inflation metric is expected to show a rise to 2.6%. Higher Treasury yields may increase borrowing costs for consumers and businesses, further weighing on market sentiment.