Stock Futures Decline After Consecutive 3-days Winning Streak

Stock Futures

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.