(Reuters) - U.S. stock index futures turned negative on Friday after a higher-than-expected rise in producer prices in November fanned worries of the Federal Reserve sticking to its policy tightening for longer.
The Labor Department's report showed producer prices edged 7.4% higher last month on an annual basis versus economists' expectations of 7.2%, after an 8% rise in October.
At 8:31 a.m. ET, Dow e-minis were down 149 points, or 0.44%, S&P 500 e-minis were down 21.75 points, or 0.55%, and Nasdaq 100 e-minis were down 96 points, or 0.82%.
(Reporting by Ankika Biswas in Bengaluru; Editing by Saumyadeb Chakrabarty)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 16,156 PTS | +1.99% | +1.43% | - | ||
| 17,891 PTS | +1.99% | +0.97% | - | ||
