Stock market news live updates: May 12, 2022

U.S. stock futures edged slightly higher ahead of overnight trading Wednesday following another down day in markets as investors digested inflation data that showed price levels remained elevated in April.

Futures tied to the S&P 500 rose 0.3% after the index settled at 3,935.18, or its lowest level since March 2021. The S&P 500 is down more than 17% in the first 90 trading days of 2022, marking its second worst start to a year, according to data from Compound Capital Advisors. Contracts on…

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