U.S. stock futures declined during earlier trading today after the Nasdaq increased for the three consecutive days despite a high consumer price index (CPI) report.
Dow futures declined by 0.24%. S&P 500 futures declined by 0.22%, and Nasdaq declined by 0.22%.
KB Home rallied over 6% in trading after reporting of better-than-anticipated earnings.
The major averages increased on Wednesday in spite of high CPI inflation report.
The December CPI increased 7%, as per the report by the Bureau of Labor Statistics department. The yearly increase is the highest rise since June 1982.