Stock market today: live updates

Stock futures fell on Thursday, with the S&P 500 and Dow Jones Industrial Average expected to fall from their records as economic data pointed to stubborn inflation and a rise in unemployment.

Futures tied to the Dow Jones Industrial Average fell 90 points or 0.2%. S&P 500 futures were 0.2% lower, and Nasdaq 100 futures fell 0.6%.

The consumer price index for September rose more than expected last month, rising 0.2% on a monthly basis and up 2.4% from a year earlier. That was above the 0.1% and 2.3% growth expected by analysts surveyed by Dow Jones.

The findings will inform the Federal Reserve's next policy moves as it prepares for its first meeting after September's outsized cut. The results also come as fears grow that the central bank could slow the pace of future cuts. According to CME Group's FedWatch tool, Fed Funds futures trading data suggests an 89 percent chance of a quarter-point cut.

Stephanie Roth, chief economist at Wolfe Research, thinks a 50 basis point cut is “off the table,” and the question now is whether the Fed will cut rates by 25 basis points or leave them unchanged in November. “We expect they will be able to generate savings,” she said on “Power Lunch” Wednesday. “Tomorrow's consumer price index should support this, with the core consumer price index at 0.3%.” Economists surveyed by Dow Jones expect the core CPI, which excludes food and energy prices, to rise 0.2% monthly .

Stocks are coming off a successful session, with the S&P and Dow posting record closes, while technology stocks rose and geopolitical concerns eased.