U.S. stock futures were lower Wednesday, after a rise in consumer prices added support to a possible interest rate hike.
Here is where major market index futures stood ahead of the start of regular trading:
S&P 500: -0.1%
In Asia, Japan’s Nikkei 225 index gained 0.1% while Hong Kong’s Hang Seng index lost 0.3%. The Shanghai composite index fell 1%.
The consumer price index rose 0.2% in October after two months of declines, which could increase the likelihood that the Federal Reserve will begin raising interest rates as early as next month.
U.S. stocks ended mixed in a tight range Tuesday ahead of the start of the Christmas shopping season, amid worries that sales will be weak.