CPI heat nudges futures lower as inflation signals persist and oil climbs

U.S. stock futures dipped on Tuesday after April’s CPI showed persistent inflation: headline CPI rose 3.8% year over year with core CPI up 2.8%, while monthly changes were 0.6% and 0.4%, respectively. Nasdaq-100 futures led declines (about -1%), S&P 500 futures fell around -0.4%, and Dow futures barely moved. Oil prices climbed above $100 amid Gulf tensions and ongoing energy costs, as markets weigh the inflation data against the Fed policy path and keep an eye on geopolitical headlines including Trump’s China trip and Iran tensions.