LIVE MARKETS-Consumer prices may dip more than thought as Truflation Index tumbles

Main US indexes red; Nasdaq off most, down >1.5% Tech weakest S&P 500 sector; Utilities leads gainers Dollar edges up; gold, crude, bitcoin all down ~3% US 10-Year Treasury yield slides to ~4.11% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at CONSUMER PRICES MAY DIP MORE THAN THOUGHT AS TRUFLATION INDEX TUMBLES Consumer price inflation data on Friday is expected to show still reasonably elevated price pressures, with both headline and core prices expected to rise by 0.3% during January. But an alternative inflation measure, the Truflation Index, suggests it may dip more than economists expect, according to Chris Low, chief economist at FHN Financial. “There is some real-world evidence the negative demand shocks from tariffs and shutdowns may already be pulling inflation decisively lower,” Low said. The Truflation Index, which is based on millions of observations taken from the web daily, does not perfectly track the Consumer Price Index or Personal Consumption Expenditures, Low notes. “But big moves in Truflation anticipate big moves in the monthly indices. The move since mid-December is one of the biggest five or six of the past decade,” he said. “The Truflation Index points to a downside surprise tomorrow.” (Karen Brettell) EARLIER ON LIVE MARKETS: UBS WEALTH MANAGEMENT SEES S&P 500 REACHING 7,700 BY YEAR-END CLICK HERE FED-TREASURY ACCORD WOULD HAVE MINIMAL MARKET IMPACT, BOFA SAYS CLICK HERE BLAME IT ON BLIZZARDS: JOBLESS CLAIMS, EXISTING HOME SALES CLICK HERE US STOCKS MIXED OUT OF THE GATE CLICK HERE BENCHMARK TREASURY YIELD: TRADERS STILL BRACED FOR WHAT COULD BE A BIG MOVE CLICK HERE MONEY MANAGERS’ AI-DRIVEN SELLOFF OVERDONE, SAYS MORGAN STANLEY CLICK HERE SHARE REPURCHASES TO PROVIDE RENEWED SUPPORT FOR EUROPE CLICK HERE ASSET MANAGERS BUYING FRANCS AT FASTEST PACE IN 10 YEARS, SAY UBS CLICK HERE STOXX 600 HITS NEW RECORD, BEATEN DOWN STOCKS HAVE BRIGHTER START CLICK HERE EUROPE BEFORE THE BELL: STOCKS SET FOR EARNINGS, M&A BOOST CLICK HERE JOBS IN REARVIEW, EARNINGS NEXT CLICK HERE