US STOCKS SNAPSHOT-Futures slide after retail sales data mars early rate-cut hopes

Jan 17 (Reuters)U.S. inventory index futures prolonged declines on Wednesday, after information reflecting a higher-than-anticipated rise in December retail gross sales tempered expectations of the Federal Reserve delivering early charge cuts this 12 months.

A Commerce Division report confirmed December retail gross sales rose by 0.6% on a month-to-month foundation, in contrast with the 0.4% enhance anticipated by economists polled by Reuters.

At 8:32 a.m. ET, Dow e-minis 1YMcv1 had been down 167 factors, or 0.44%, S&P 500 e-minis EScv1 had been down 25.5 factors, or 0.53%, and Nasdaq 100 e-minis NQcv1 had been down 121.25 factors, or 0.71%.

(Reporting by Ankika Biswas in Bengaluru; Enhancing by Pooja Desai)


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