U.S. futures were trading moderately lower, the day after Rex Tillerson was fired as Secretary of State raising concern about the latest turmoil involving the White House.
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Dow Jones futures were lower by 0.10%. The S&P 500 was down 0.12% and the Nasdaq Composite was off by 0.24%.
Stocks dropped Tuesday, after an early rally, when the news broke that Tillerson was being replaced by CIA Director Mike Pompeo.
The Dow Jones Industrial Average closed 171.58 points lower, or 0.68%, at 25,007.03. The S&P 500 fell 17.71 points, or 0.64%, to 2,765.31. The Nasdaq Composite snapped a seven-day winning streak, slipping 77.31 points, or 1.02%, to 7,511.01.
The Tillerson news erased a gain triggered by a Labor Department report showing that its consumer price index rose 0.2% in February. While the reading was in line with estimates, it was well below the 0.5% jump in January.
A report on producer prices, measuring inflation on the wholesale level, will be released prior to the start of trading. Investors will also weigh the latest report on retail sales.
European markets are lower in early trading.
London’s FTSE was down 1.05%, France’s CAC is down by 0.64%, while Germany’s DAX is off by 1.59%.
Asian shares faltered on Wednesday.
Japan’s Nikkei closed the day lower by 0.9%, snapping a four-day winning streak.