Stocks Mixed Ahead of Inflation Data; Nike Sinks on Warning of Cuts, Tencent Plunges on Renewed Crackdown Fears
• US stock futures mixed ahead of latest inflation data, Dow futures down while Nasdaq futures up slightly • Core PCE price index rose 3.2% annually in November, cooling from 3.4% in October and below expectations • Nike shares sink 12% premarket after warning of job cuts and sales troubles from lower consumer spending • Tencent and Chinese tech stocks plunge on revived crackdown fears after surprise new gaming rules • Stocks eye 8th straight weekly gain, S&P 500 on pace for fresh record high on faith in impending Fed rate cuts