Over the past six months, the S&P 500's median performance on CPI days has been a decline of 0.18%, the analysts said.
The S&P 500 dropped 2.4% on Thursday, while the Dow Jones Industrial Average slumped nearly 640 points, or 1.9%, and the Nasdaq Composite shed 2.7%.
The consumer-price index is expected to show a large, 0.7% increase when the report is released Friday morning -- more than double the gain in the prior month. The increase in inflation over the past year, meanwhile, is forecast to stay near a 40-year high of 8.4%.
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