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Dow Jones futures slide below 38,500 after CPI report

The US equity markets are all very much in the red now following the release of the latest US CPI report. Prior to that release the Dow Jones futures were pricing a reopening at above 39k at one stage. Well right now they are pricing it below 38,500 and if the index opens below that level it will mean it has taken out the previous interim low that was mentioned here in the previous update looking at the Dow Jones. The index is right now priced to open at around 38,475, but earlier it was priced closer to 38,350 
 

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