From Barchart:

Stock index futures are down this morning after U.S. consumer prices for December rose more than expected, leading to a jump in T-note yields. E-Mini S&P 500 futures are down -0.05% and March Nasdaq 100 E-Mini futures are down -0.06%.

The news has prompted a sell-off in the stock market, with investors reacting to the unexpected increase in consumer prices. This has led to T-note yields jumping and a decline in stock index futures. This comes after overnight gains, as the market now adjusts to the new information.



Read more: Markets Today: Stocks Retreat as U.S. Inflation Accelerates