Nasdaq Futures Fall as Hotter-Than-Expected US Inflation Data Fuels Rate Hike Concerns and Global Tech Sell-Off

Wall Street stock futures were mixed as markets reacted to hotter-than-expected US inflation data from Wednesday's Consumer Price Index (CPI) release, which accelerated month-over-month. This data revived concerns about further Federal Reserve interest rate hikes, leading to a global sell-off in AI and semiconductor shares, with Asian markets like South Korea's Kospi and Japan's Nikkei experiencing significant declines. Copper and other base metals also fell on expectations of more aggressive Fed tightening.