{"id":127020,"date":"2026-05-12T14:00:15","date_gmt":"2026-05-12T10:00:15","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=127020"},"modified":"2026-05-12T14:00:19","modified_gmt":"2026-05-12T10:00:19","slug":"wall-street-futures-slip-from-record-highs-iran-war-storm-and-cpi-showdown-cloud-the-rallys-path","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wall-street-futures-slip-from-record-highs-iran-war-storm-and-cpi-showdown-cloud-the-rallys-path\/05\/12\/market-updates\/","title":{"rendered":"Wall Street Futures Slip from Record Highs: Iran War Storm and CPI Showdown Cloud the Rally&#8217;s Path"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Futures retreat:<\/strong> S&amp;P 500 futures fell 0.1% to 7,427.0, Nasdaq 100 futures dropped 0.3%, while Dow futures held flat.<\/li>\n\n\n\n<li><strong>Record close achieved:<\/strong> The S&amp;P 500 closed at an all-time peak of 7,412.87, with the Nasdaq Composite at 26,274.13 and Dow at 49,704.34.<\/li>\n\n\n\n<li><strong>Chip rally cooling:<\/strong> Strength in chipmaking stocks powered Monday&#8217;s records, but the sector is showing signs of losing steam after weeks of gains.<\/li>\n\n\n\n<li><strong>Trump&#8217;s &#8220;life support&#8221; warning:<\/strong> The president declared the Iran ceasefire on &#8220;massive life support&#8221; after rejecting Tehran&#8217;s latest peace proposal.<\/li>\n\n\n\n<li><strong>Project Freedom revival weighed:<\/strong> Trump told Fox News he is considering restarting the Hormuz operation that sparked renewed military clashes last week.<\/li>\n\n\n\n<li><strong>More military options:<\/strong> CNN reports Trump is mulling additional military action, with a decision unlikely before this week&#8217;s Xi summit.<\/li>\n\n\n\n<li><strong>CPI in the spotlight:<\/strong> Headline April CPI expected to jump sharply to 3.7% year-on-year; core CPI seen steady at 2.7%.<\/li>\n\n\n\n<li><strong>Fed rate cut bets fade:<\/strong> Waning confidence in 2026 rate cuts as Iran-driven energy costs feed inflation.<\/li>\n\n\n\n<li><strong>Oil near 4-year highs:<\/strong> Crude prices remain elevated amid supply disruptions from the conflict.<\/li>\n\n\n\n<li><strong>Trump-Xi summit looms:<\/strong> The historic Beijing meeting this week adds another major catalyst for markets.<\/li>\n<\/ul>\n\n\n\n<p>U.S. stock index futures turned slightly lower on Monday evening as concerns over a worsening Middle East conflict kept investors largely on edge.<\/p>\n\n\n\n<p>Focus was also on upcoming consumer inflation data for more insight into the inflationary impact of the Iran war.<\/p>\n\n\n\n<p>S&amp;P 500 futures fell 0.1% to 7,427.0 points by 22:47 ET (02:47 GMT). Nasdaq 100 futures fell 0.3% to 29,330.0 points, while Dow Jones futures held flat at 49,780.0 points.<\/p>\n\n\n\n<p>Futures retreated after Wall Street eked out record-high closes on Monday, aided by sustained strength in chipmaking stocks.<\/p>\n\n\n\n<p>Focus this week is also on an upcoming summit between U.S. President Donald Trump and Chinese President Xi Jinping.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Wall St Ekes Out Record Highs on Chip Strength; Iran Peace Deal Falls Through<\/h2>\n\n\n\n<p>Wall Street indexes ended at record highs on Monday, aided chiefly by strength in chipmaking stocks on sustained optimism over artificial intelligence.<\/p>\n\n\n\n<p>Still, the sector now appeared to be losing some steam after a stellar run-up in recent weeks.<\/p>\n\n\n\n<p>The S&amp;P 500 rose 0.2% to a record closing high of 7,412.87 points, the NASDAQ Composite rose 0.1% to 26,274.13 points, while the Dow Jones Industrial Average rose 0.2% to 49,704.34 points.<\/p>\n\n\n\n<p>However, bigger gains were limited after Trump rejected Iran&#8217;s latest proposal to end the war, while warning that the ceasefire with the country was on &#8220;massive life support.&#8221;<\/p>\n\n\n\n<p>The development pointed to little prospect of immediate de-escalation in the conflict, which recently crossed the two-month mark.<\/p>\n\n\n\n<p>Trump later told Fox News he was considering restarting a U.S. operation to reopen the Strait of Hormuz \u2014 a move that had triggered renewed military action with Iran last week.<\/p>\n\n\n\n<p>CNN reported that Trump was also weighing additional military options against Iran, although a decision was unlikely before his summit with China&#8217;s Xi later this week.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">CPI Data Awaited for More Cues on Inflation, Interest Rates<\/h2>\n\n\n\n<p>Consumer price index inflation data for April is due on Tuesday morning, and will be closely watched for further cues on the inflationary impact of the Iran war.<\/p>\n\n\n\n<p>Headline CPI is expected to have picked up sharply \u2014 to 3.7% year-on-year \u2014 while core CPI is expected to remain mostly steady at 2.7%.<\/p>\n\n\n\n<p>The print comes amid waning confidence in any interest rate cuts by the Federal Reserve this year, especially in the face of climbing energy costs from the Iran conflict.<\/p>\n\n\n\n<p>Oil prices rose and remained close to four-year highs amid supply disruptions caused by the conflict. This has spilled over into higher domestic fuel prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Futures retreat: S&amp;P 500 futures fell 0.1% to 7,427.0, Nasdaq 100 futures dropped 0.3%, while Dow futures held flat. Record close achieved: The S&amp;P 500 closed at an all-time peak of 7,412.87, with the Nasdaq Composite at 26,274.13 and Dow at 49,704.34. Chip rally cooling: Strength in chipmaking stocks powered Monday&#8217;s records, but &hellip;<\/p>\n","protected":false},"author":9,"featured_media":82387,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,37,36],"tags":[],"class_list":["post-127020","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=127020"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127020\/revisions"}],"predecessor-version":[{"id":127021,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127020\/revisions\/127021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/82387"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=127020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=127020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=127020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}