Stocks Dip, Retail Sales, Bank Profits, Elon Musk-5 Things To Know

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Here are five things you must know for Friday, October 14:

1. — Stock Futures Edge Lower After Huge Wall Street Rally 

U.S. equity futures edged lower Friday, following on from a wild session on Wall Street yesterday that saw the biggest trough-to-peak swing for the Dow in more than two years, triggered by a hot inflation reading that has essentially cemented the case for big Fed rate hikes between now and the end of the year.

The catalyst for yesterday’s rally, which included a 1,500 point swing for the Dow and the biggest intra-day move for the S&P 500 in nearly a year, remains uncertain, but stock investors appeared to be caught off-guard by the early morning move, which followed September inflation data showing a spike in core consumer price pressures and a faster-than-expected headline rate of 8.2%.



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