Investors are assessing whether the post-election rally is about to stall and what Donald Trump's Cabinet picks mean for policy.

U.S. equity futures edged lower in early Wednesday trading, while Treasury yields moved higher and the dollar steadied, as investors looked to a key inflation reading that could accelerate repricing of the so-called 'Trump Trade' and test the market's solid post-election rally.

S&P 500 futures are down 0.1%. Dow Jones Industrial Average futures are dipping 0.2%. Nasdaq 100 futures are falling 0.1%. On Tuesday, the Dow Jones Industrial Average fell 382 points, or 0.86%, to 43,

Private prison stocks soared Monday after President-elect Donald Trump announced immigration hardliner Tom Homan as the nation's next "border czar." GeoGroup jumped 4.5%, while CoreCivic increased 6.3%.

By Alun John and Kevin Buckland LONDON/TOKYO (Reuters) -World stocks dropped for a second successive day on Wednesday, jolted by another push higher in U.S. Treasury yields ahead of inflation data that could inform the pace of Federal Reserve policy easing.

Treasury yields resumed their rise as investors looked ahead to crucial consumer price data on Wednesday, which could further erode confidence in Federal Reserve interest-rate cuts next year.

Asian stocks slumped on Wednesday as a sharp rise in U.S. bond yields unnerved investors ahead of key inflation data that could inform the pace of Federal Reserve policy easing. Short-term Treasury yields jumped to the highest since late July overnight as the market reopened after the Veterans Day holiday,