Stocks set for rough open
Futures decline ahead of key inflation reading; dollar slides further against euro, yen.
LONDON (CNNMoney.com) -- Stock futures fell early Friday as investors watched the dollar slide further and awaited a key inflation reading.
At 5:01 a.m. ET, Nasdaq and S&P futures were lower, pointing to a tough open for Wall Street.
The mood in the market is likely to be set by the Consumer Price Index, due out at 8:30 a.m. The closely watched inflation gauge comes ahead of the Federal Reserve's meeting next Tuesday.
Stocks managed to end Thursday's session higher as investors bet that the worst of the writedown storm that has battered financials was over.
But the weak dollar and concerns about a protracted economic downturn in the U.S. kept investors nervous.
The dollar again fell below 100 yen to hit its lowest level in more than 12 years against the Japanese currency. The euro marched higher to another record of $1.5651.
Asian markets tumbled, with Japan's Nikkei losing 1.5%. European stocks edged higher in early trading. 
-
The Becerras spoiled themselves with a puppy. Here's what 6 other readers are indulging on. More -
Santa is no part-time gig for these St. Nicks. Meet the hardest working Santas in the business. More -
More people can't afford their pets, and shelters struggle to keep up with the influx. Play -
The house on Hawaii's big island should fetch near $12 million. More -
Small automakers are beating the Big 3 in the race for sweet new rides. More -
Lauren Bush's FEED project lands her on Fortune's Most Powerful Women Entrepreneurs list. More -
Production is starting on the world's most luxe ocean liner: The Utopia. More
