Futures tied to the S&P 500 slid on Wednesday night, with traders looking ahead to more earnings reports and economic data following a losing session brought about by hotter-than-expected inflation data.
S&P 500 futures slipped 0.2%, while Nasdaq-100 futures dropped 0.7%. Dow Jones Industrial Average futures rose just 22 points.
The tech-heavy Nasdaq Composite shed 1.9% during regular trading, marking its worst day since July 23 — when it dropped 2.2%. The S&P 500 dropped 1.1%, its biggest one one-day slide since July 29. The Dow was the relative outperformer, falling just 0.1%.
In Asia, futures for Hong Kong's Hang Seng index stood at 24,074 lower than the index's last close of 24,314.17. Japan's Nikkei 225 was also set to fall at open, with its Chicago futures at 66,225, compared with the index's previous close of 67,744.29. Australia's S&P/ASX 200 was down 0.85% in its first hour of trade.
There are growing concerns that the Federal Reserve could tighten monetary policy more aggressively before year-end, after new data showed consumer prices in September rose faster than expected on a year-over-year basis.