Dow, Nasdaq Futures Fall Triple Digits After CPI Report

The three major indexes are lower during premarket trading as traders digestthe latest inflation report. The consumer price index (CPI) rose 0.6% in September, in line with estimates, putting the 12-month rate at 3.7%. U.S. Treasury yields rose after the report, while oil prices are also higher, with West Texas Intermediate (WTI) crude topping $95 per barrel. Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are down triple digits, and S&P 500 Index (SPX) futures are modestly lower as well. 

Continue reading for more on today's market, including:

• Small-cap underperformance has historical implications, according Senior Quantitative Analyst Rocky White. 
• Everything to know before USB reports earnings tomorrow.
• Plus, BAC dips after Q3 report; insider buying GME stock; and DELL downgraded.

5 Things You Need to Know Today

1. The Cboe Option Exchange saw roughly 2.6 million call contracts and 1.4 million put contracts traded on Tuesday. The single-session equity put/call ratio fell to 0.54, while the 21-day moving average remained at 0.59. 
2. Bank of America (NYSE:BAC) is off 6.4% before the open after third-quarter revenue disappointed thanks to a $1.2 billion penalty over money laundering violations at the U.S. Treasury Department. Heading into today, the shares are down 1.9% year to date. 
3. GameStop (NYSE:GME) shares are up 2% during electronic trading after a regulatory filing showed an 844,000 shares purchased by CEO and Chairman Ryan Cohen. Since the start of 2026, GME has added 35.6%, and should these gains hold, the stock will log its fourth straight win. 
   
4. Dell Technologies (NYSE:DELL) stock is down 3.7% premarket after Barclays downgraded the stocks to equal weight from overweight. Year to date, the stock is up 354.8%.
5. Plus, more inflation data on deck this week.

Kospi Marks Longest Losing Streak Since 2024

Asian markets moved lower today, with the South Korean Kospi shedding 0.4% for its sixth-straight loss, its longest losing streak since September 2024. Hong Kong’s Hang Seng gave back 0.1%, while the Shanghai Composite paced the region with a 0.9% drop after producer prices rose 5% in September, their fastest pace since June 2022. Japan’s Nikkei continued to struggle, shedding 0.1% for its fifth-straight day in the red.

European bourses are cautiously higher ahead of the CPI data stateside. Tech, telecoms, and industrials were all advancing midday, with investors cheering an upbeat earnings report from Dutch chip giant ASML (ASML). At last look, London’s FTSE 100 was 0.3% higher, while the French CAC 40 and German DAX were up 0.8% and 0.7%, respectively.