U.S. stock futures fell slightly Thursday after the Dow Jones Industrial Average dropped to a fresh 2026 low in the previous session, as inflation fears took hold on Wall Street.
Futures for the 30-stock index slid 101 points, or 0.2%, to 46,434.
Futures for the S&P 500 index dipped 14 points, or 0.2%, to 6,663.
Futures for the NASDAQ dumped 82 points, or 0.3%. to 24,569.25.
Micron Technology shares lost 6% in premarket trading. A memory supply shortage helped the semiconductor company nearly triple its revenue in its most recent quarter.
Wall Street is coming off a dismal trading session. On Wednesday, the 30-stock Dow tumbled some 768 points, or 1.6%, to a new closing low for the year.
The benchmark, which also touched an intraday low for 2026, even closed below its 200-day moving average, a technical level suggesting the long-term trend for the index is now negative.
The selloff comes after a surprisingly hot producer prices report, and greater inflation expectations from the Federal Reserve, added to fears that the war in Iran could mean the U.S. economy is headed for a stagflation scenario — or a period of lower growth and higher pricing pressures.
In Japan, the Nikkei 225 pitched lower 3.4% Thursday, while in Hong Kong, the Hang Seng ailed 2%.
Oil prices gathered $1.24 to $97.56 U.S. a barrel.
Gold prices withered $206.10 to $4,690.10 U.S an ounce.
