Markets edge lower as U.S.-Iran strikes spark risk ahead of CPI data

U.S. stock futures slipped after U.S. launched self-defense strikes against Iran, with S&P 500 and Nasdaq futures down about 0.3% and Dow futures off around 161 points; oil rose about 1% to near $89 as tensions escalated. In regular trading, the Dow edged up about 0.17% while chip stocks dragged, and investors await May CPI data due Wednesday (consensus 4.2% y/y, 0.5% m/m), a signpost for inflation amid ongoing geopolitical risk and AI-led market moves.