Trending Now - Wall Street Prepares for CPI Data Amid Market Fluctuations

WHO:

CNBC - President Trump described the ceasefire between the U.S. and Iran as "unbelievably weak."

Yahoo Finance - President Trump is scheduled to meet with Chinese President Xi Jinping during his trip to China.

WHAT:

CNBC - U.S. stock futures slipped early, with S&P 500 futures down 0.16% and Nasdaq 100 futures down 0.33%.

CNBC - Economists expect April's Consumer Price Index (CPI) to have risen 3.7% from a year earlier and 0.6% from the prior month.

Yahoo Finance - Futures for the Dow Jones Industrial Average and S&P 500 rose 0.6%, while Nasdaq 100 futures rose 0.8%.

Yahoo Finance - The S&P 500 and Nasdaq reached record highs, with the S&P 500 gaining 0.19% and the Nasdaq gaining 0.1%.

CNBC - The Dow gained 95.31 points, or 0.19%.

Yahoo Finance - President Trump invited 16 top executives, including Tesla CEO Elon Musk and Apple CEO Tim Cook, to join him on his trip to China.

WHERE:

CNBC - The initial public offering (IPO) for Hawkeye 360 Inc. took place at the New York Stock Exchange (NYSE) in New York, U.S.

Yahoo Finance - The meeting between President Trump and Chinese President Xi Jinping will occur in China.

WHEN:

CNBC - April's Consumer Price Index reading is scheduled for release at 8:30 a.m. ET.

Yahoo Finance - President Trump will begin his trip to China on an unspecified date.

WHY:

CNBC - President Trump rejected Iran's counterproposal to end the war, which included demands for war reparations and lifting sanctions.

Yahoo Finance - The anticipated CPI report is expected to provide insights into the economic impact of the U.S.-Iran war and influence Federal Reserve interest rate decisions.

HOW:

CNBC - The stock market is being influenced by a solid earnings season and corporate profits, according to Marci McGregor from Merrill and Bank of America Private Bank.

(UPDATED May 12, 2026 06:04 UTC)

President Trump has described the ceasefire between the U.S. and Iran as "unbelievably weak," while also preparing for a meeting with Chinese President Xi Jinping during his upcoming trip to China. In the stock market, futures for the Dow Jones Industrial Average and S&P 500 rose 0.6% and 0.19% respectively, as the S&P 500 and Nasdaq reached record highs, with the Nasdaq gaining 0.1%. Economists are expecting April's Consumer Price Index reading to show a rise of 3.7% from a year earlier, which is set to be released at 8:30 a.m. ET, and will likely provide insights into the economic impact of the ongoing U.S.-Iran conflict.