5 things to know before the stock market opens Thursday

stock market prices inflation dow
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5 things to know before the stock market opens Thursday

1. Dow is set to extend sell-off with futures falling again The blue-chip is slated to after higher-than-forecast consumer prices prompted investors to dump risk assets.  fell about 90 points Thursday.  and those tied to  erased earlier losses and traded in the green. In the previous session, the 30-stock Dow fell more than 600 points, clinching its worst day since January. The S&P 500 lost 2.1%, its biggest one-day drop since February, while the tech-heavy Nasdaq Composite slid 2.6%. The major indexes registered big losses by midweek with the S&P 500 falling 4% through Wednesday's close. The Dow has fallen 3.4%, while the Nasdaq underperformed with a 5.2% loss as tech shares got hit particularly hard in the face of higher inflation and interest rates. 2. Another inflation report on deck after higher-than-expected CPI The Producer Prices Index, often overlooked by investors, is coming under the spotlight after Wednesday's report on consumer prices showed inflation running hotter than expected and triggered a big sell-off on Wall Street. Data on producer prices in April is being released at 8:30 am ET. Economists polled by FactSet are expecting a 0.3% increase over the previous month. Year-over-year PPI is expected

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