The US stock indices are opening lower with the S&P down -0.42%, Nasdaq futures off -0.54%, and Russell 2000 futures down -0.83%.
Dow futures are down -0.49%
Key Driver: Hotter-Than-Expected Inflation Consumer prices rose 3.8% annually in April, slightly above the consensus estimate of 3.7%, rattling markets ahead of the open. The 10-year US Treasury yield sits near 4.45%, keeping pressure on mortgages, credit cards, and corporate borrowing — and weighing especially on growth and rate-sensitive sectors like tech and housing. The U.S.
Treasury will optional tenure notes at 1 PM ET. Middle East Tensions remain an issue Oil prices were surging in premarket trading on growing supply concerns after stalled US-Iran peace talks. West Texas Intermediate (WTI) crude rose ~3.6% to around $101.60/barrel, while Brent crude climbed ~3.3% to $107.70/barrel.