S&P 500 futures slipped 0.3% on Wednesday night, while the Nasdaq Composite shed 1.9% during regular trading, marking its worst day since July 23. The S&P 500 dropped 1.1%, its biggest one-day slide since July 29. These declines came as data showed consumer prices rose faster than expected in September on a year-over-year basis. Investors now fear the Federal Reserve may need to tighten monetary policy more aggressively before year-end. More economic data is expected Thursday, including producer prices, retail sales and weekly jobless claims, along with earnings from U.S. Bancorp, PNC and Charles Schwab.
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