Stock market today: Wall Street slightly lower in premarket ahead of another US inflation report

abcnews.go.com:

Wall Street is pointing slightly lower ahead of another U.S. inflation report and an expected interest rate cut by the European Central Bank

Wall Street pointed slightly lower early Thursday ahead of the week's second U.S. inflation report and an expected interest rate cut by the European Central Bank.

Futures for the S&P 500 were down about 0.2%, while futures for the Dow Jones Industrial Average fell 0.1% before the opening bell, which will be rung by President-elect Donald Trump.

Shares of Adobe tumbled about 11% after the software maker posted a healthy quarterly earnings report but disappointed investors with a lukewarm forecast.

Uber clawed back some of its losses from a day earlier, climbing 3.4% after a company executive gave an optimistic outlook at a conference and highlighted the ride-share company's push into autonomous vehicles.

Later Thursday, the Labor Department releases data on inflation at the wholesale level, one day after it reported that consumer prices ticked up to 2.7% in November. Though sticky inflation can lead central bankers to raise interest rates or at least keep them elevated, most analysts are still expecting the Fed to cut its benchmark interest rate at its meeting next week.

The Fed began trimming rates in September from a two-decade high to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation.

Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times this year, with the latest coming last week.

Also coming Thursday it the government's latest