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Stock futures are flat after sell-off induced by hot inflation data
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cnbc.comU.S. stock futures were steady in overnight trading on Wednesday following a tech-driven sell-off on Wall Street.
Dow futures fell just 19 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures rose 0.05%.
Disney shares fell 4% in after-hours trading after the media giant missed on the top and bottom lines of its quarterly results. Disney+ subscribers also came in short of estimates.
The major averages dipped on Wednesday after a hot inflation report pushed up bond yields. The rise in yields especially pressured growth pockets of the market.
The Dow Jones Industrial Average lost 240 points, dragged down by roughly 3% losses in Salesforce and Nike. The S&P 500 fell 0.8%. The Nasdaq Composite was the relative underperformer, dipping 1.7%
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