Nasdaq futures led declines, with $IXIC down 0.81%, while $GSPC fell 0.47% and $DJI slipped 0.40% amid the highest May inflation reading since April 2023.
US stock futures moved lower as renewed US-Iran military clashes and a hotter May inflation reading weighed on risk sentiment. Nasdaq-linked futures showed the sharpest decline at 0.81%, compared with a 0.47% drop for S&P 500 futures and a 0.40% fall for Dow futures. The inflation update marked May's highest level since April 2023, adding another pressure point for markets already navigating geopolitical tension.