Tech rout and Iran tensions weigh on US futures ahead of CPI data
TL;DR
U.S. stock futures fell in premarket trading as investors await the May CPI data, with tech shares sinking on AI-exuberance worries and rising Iran-Israel tensions; Dow futures tumbled about 411 points (-0.8%), S&P 500 futures roughly -1.0%, and Nasdaq-100 futures around -1.5% as semiconductor names leading declines. Oracle earnings after the bell could test AI enthusiasm. Economists expect CPI to show 4.2% year over year and 0.5% month over month, with core CPI at 2.9% (YoY) and 0.3% (MoM). Brent crude also rose on ongoing Middle East tensions.
Topics:businessmarkets#ai-stocks#cpi-data-awaited#iran-tensions#markets#semiconductors#wall-street-futures
- Wal St futures fall amid Iran escalation, tech weakness; CPI data awaited Investing.com
- Stock market today: Dow, S&P 500, Nasdaq futures sink as techs falter ahead of CPI inflation data Yahoo Finance
- Stock Market Today: Futures Sink Ahead of Inflation Data as Tech Stocks Lead Declines; Oil Wavers as US Launches 'Self-Defense' Strikes Against Iran Investopedia
- CPI Report Today: Tech Stocks Slide Ahead of May Inflation Data — Live Updates WSJ
- Futures Fall As U.S. Strikes Iran After Whipsaw Session Investor's Business Daily
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