February 6, 2018 / 4:06 AM / 6 months ago

U.S stock futures fall 3 percent as inflation fright grips markets

TOKYO (Reuters) - U.S. stock futures extended Wall Street’s overnight misery, tumbling 3.0 percent in Asia on Tuesday as investors feared rising U.S. inflation could lift interest rates at a faster pace and spoil the rosy earnings growth outlook.

FILE PHOTO: Specialist trader Ned Zelles works at his post on the floor of the New York Stock Exchange, August 21, 2015. REUTERS/Brendan McDermid/Files

S&P 500 mini futures dropped as much as 3 percent to 2,529, their lowest level since early October.

Reporting by Hideyuki SanoEditing by Shri Navaratnam

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