U.S. equity futures nudged lower early Wednesday as investors await key data that will indicate how much rising price pressures are accelerating.
Futures for the Dow Jones Industrials slipped 48 points, or 0.1%, to 36,161.
Futures for the S&P 500 deducted 8.5 points, or 0.2%, to 4,669.75,
Futures for the NASDAQ Composite fell 57.75 points, or 0.4%, to 16,157.
Investors are holding their breath for the latest consumer price index reading, which the U.S. Labor Department will report Wednesday before the bell. Economists surveyed by Dow Jones expect a 0.6% increase, or a year-over-year gain of 5.9%, which would be the most in 30 years.
They expect core CPI, which excludes food and energy, to have risen 0.4%, or 4.3% year-over-year.
With Thursday a government holiday due to the Veterans Day observance, the department also will release its weekly jobless claims count a day earlier than usual. The Dow Jones estimate is for 265,000 first-time filings for unemployment insurance, which would mark a fresh pandemic-era low.
The selloff in Tesla continued as the electric vehicle stock fell more than 1% in premarket trading Wednesday, a day after ending nearly 12% lower and more than 16% down on the week.
Earnings season continues to be strong, with most of the S&P 500 companies who have already reported earnings beating estimates, according to FactSet. Disney, Affirm, Bumble and The Honest Company are all scheduled to report Wednesday after the bell.
Overseas, the Nikkei 225 dived 0.6% Wednesday, while the Hang Seng in Hong Kong gained 0.7%.
Oil prices slid 40 cents to $83.75.
Gold prices dropped $2.20 to $1,828.60 U.S. an ounce