[https://finance.yahoo.com/news/stock-market-today-us-futures-slide-after-inflation-cools-less-than-anticipated-134353852.html](https://finance.yahoo.com/news/stock-market-today-us-futures-slide-after-inflation-cools-less-than-anticipated-134353852.html)
US stock futures retreated on Tuesday, sliding away from recent highs as investors digested a hotter-than-expected January inflation report that showed prices cooling slower than forecasts anticipated.
S&P 500 (\^GSPC) futures sank 1%, after the benchmark faltered Monday in its bid to keep its historic rally above 5,000 going. Futures on the Dow Jones Industrial Average (\^DJI) fell 0.7%, losing grip of a record closing high, while those on the tech-heavy Nasdaq 100 (\^NDX) dropped 1.4% to pace declines.
When removing the volatile food and energy categories, Tuesday’s Consumer Price Index (CPI) release showed “core” prices increased 0.4% in January, their largest monthly gain since April 2023. On a headline basis, prices increased 3.1%, above economist estimates but a deceleration from a 3.4% annual gain in December.
