us stock futures pointed to a choppy start for wall street on friday with investors in a nervous wait for may inflation data a day after a sharp selloff for equities undefined djia dropping 63811 points or 19 to close at 3227279 while the sp 500 spx skidded 24 to 401782 the nasdaq composite comp slid 28 to 11754 all three indexes booked their worst daily percentage drops since may 18 according to factset data the consumerprice index is expected to show a large 07 increase when the report is released ahead of the open more than double the gain in the prior month in april the yearly rate fell for the first time in eight months to 83 the prior 85 reading in march was the biggest since december of 1981 see us didn’t get any relief from high inflation in may – cpi to show another big gain “analysts expect the us inflation to stabilize around last month’s 83 level but we could see a bad surprise today as the positive pressure on food and energy prices and the unexpected uptick in secondhand car prices in may could prevent the index to ease for a second consecutive month” said ipek ozkardeskaya senior analyst at swissquote bank in a note to clients “a strongerthanexpected inflation figure would revive the federal reserve hawks and eventually push the sp 500 below the 4000 mark before the weekly closing bell a softer inflation read on the other hand would resuscitate hope that inflation has peaked two months ago and the worst is behind” said the analyst us stocks tracked european equities lower on thursday after the european central bank announced that its first interestrate hike in more than a decade will take place next month with another likely in september in a bid to get surging inflation under control the central bank also said it would halt its asset buying program next month european stocks resumed declines on friday with the stoxx europe 600 index sxxp down 13 in early trade the us inflation data comes as a federal reserve meeting looms for next week the bank of england the swiss national bank and the bank of japan will also holding meetings next week the university of michigan consumer sentiment index for june will be released at 10 am