Inflation Shock: US Stock Futures Drop as Oil Surges Amid Middle East Tensions
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 c