Wall St Futures Weighed Down by Inflation Worries; Bank Earnings in Focus

Wall St futures weighed down by inflation worries; bank earnings in focus

By Pranav Kashyap and Nikhil Sharma

Wall Street Wobbles, ASX Set to Fall

Wall Street ended mixed overnight as inflation concerns and disappointing bank earnings dragged on sentiment. The Dow Jones Industrial Average dropped 436 points, or nearly 1%, to close at 44,023. The broader S&P 500 lost 0.4% to finish at 6,243, easing off an intraday record. The Nasdaq was the lone gainer, rising 0.2% to a record close of 20,678, lifted by strong gains in Nvidia. Inflation heats up as tariffs bite June inflation figures releas…