India, Oct. 14 -- The major U.S. index futures are currently pointing to initial weakness on Wednesday, with stocks likely to see further downside after ending yesterday's choppy session modestly lower.
The futures slid into negative territory after the Labor Department released its closely watched report on consumer price inflation in the month of September.
While the report showed consumer prices grew in line with estimates, it also showed a bigger than expected increase in core consumer prices, which exclude food and energy prices.
The report said consumer prices climbed by 0.6 percent in September after rising by 0.4 percent in August. The increase in prices matched economist estimates.
The Labor Department also said the annual rate...