U.S. stock futures declined early Tuesday as investors awaited the release of April’s consumer price index (CPI) data.
S&P 500 futures fell by 0.38%, while Nasdaq 100 futures dropped 0.73%.
Futures linked to the Dow Jones Industrial Average were down 55 points, or 0.11%.
Despite the early decline, both the S&P 500 and Nasdaq Composite reached new intraday and closing highs during the regular trading session.
The S&P 500 gained 0.19%, and the Nasdaq rose by 0.1%. The Dow added 95.31 points, or 0.19%.
Oil prices rose on Monday after President Donald Trump described the month-old U.S.-Iran ceasefire as “unbelievably weak” and said it was “on massive life support,” following Iran’s rejection of an “unacceptable” counterproposal to end the conflict.
Iran’s latest offer demands war reparations, full sovereignty over the Strait of Hormuz, the release of frozen assets, and the lifting of sanctions.
Source (CNBC)
