Wall Street's major averages slid on Thursday, as September consumer inflation comes in hotter than expected. Early on and the Nasdaq Composite (COMP:IND) was -0.2%, the S&P 500 (SP500) was -0.2%, and the Dow (DJI) was -0.

Stock index futures extended losses on Thursday as data showed U.S. inflation was higher than expected in September, hinting at the possibility of fewer interest-rate cuts later this year. A Labor Department report showed the Consumer Price Index rose 2.