Stock market today: Live updates
Traders work during the Hawkeye 360 Inc. initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Thursday, May 7, 2026.
Michael Nagle | Bloomberg | Getty Images
U.S. stock futures hovered near the flatline on Monday night as traders looked ahead to the release of April’s consumer price index reading.
S&P 500 futures were marginally higher, and Nasdaq 100 futures were little changed. Futures tied to the Dow Jones Industrial Average added 39 points, or less than 0.1%.
During the day’s regular session, both the S&P 500 and Nasdaq Composite rose to fresh intraday and closing highs. The broad market index added 0.19%, while the technology-heavy Nasdaq eked out a 0.1% gain. The Dow gained 95.31 points, or 0.19%.
Oil prices rose on Monday after President Donald Trump called the month-old ceasefire between the U.S. and Iran “unbelievably weak” and said it was “on massive life support” after rejecting an “unacceptable” counterproposal from Tehran to end the war. In its latest counteroffer, Iran has insisted on war reparations, full sovereignty over the Strait of Hormuz, the release of frozen Iranian assets and the need to lift sanctions.
On Tuesday morning, April’s consumer price index reading is due at 8:30 a.m. ET. Economists polled by Dow Jones are calling for headline inflation to have gained 3.7% from a year earlier. They anticipate April’s CPI will have grown 0.6% from the prior month.
A solid earnings season has continued to push stocks to new highs in recent sessions. Marci McGregor, head of portfolio strategy at Merrill and Bank of America Private Bank, said on CNBC’s “Closing Bell: Overtime” on Monday afternoon that she’s still feeling good about the markets overall.
“If we get weakness after this really strong recovery from the March lows, I would see it as a buying opportunity, because this is a market that is being fueled by corporate profits, by capex, and frankly by a strong labor market,” she said. “There’s a lot of reasons to be positive.”
Under Armour, Vodafone, On Holding, Aramark, eToro and Tencent Music Entertainment are among the stocks reporting earnings before Tuesday’s opening bell. In addition to April’s consumer price index reading, traders will also watch for April’s final hourly earnings, average workweek and treasury budget readings.
— CNBC’s Anniek Bao and Jeff Cox contributed reporting.
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