U.S. stock futures slipped Tuesday as traders looked ahead to the release of April’s consumer price index data and weighed higher oil prices.
S&P 500 futures declined by 0.3%, while Nasdaq 100 futures dropped 0.7%.
Futures linked to the Dow Jones Industrial Average were down 46 points, or 0.1%.
Meanwhile, West Texas Intermediate (WTI) futures surged 3% to trade at $101.01 per barrel.
Brent crude rose 2.7% to $107.02. These gains followed Monday’s advance, after President Donald Trump described the month-old U.S.-Iran ceasefire as “unbelievably weak” and said it was “on massive life support,” after Tehran rejected an “unacceptable” counterproposal to end the war.
Source (CNBC)
