Advertisement
Back to Live Markets
LIVEMay 12, 2026|^SPX,^DJI

Stock Market Live: Nasdaq, S&P 500 Futures Slide While Oil Stays Around $100 After Trump Remarks

US futures traded lower on May 12 as investors reacted cautiously to President Donald Trump’s latest remarks on global energy security and trade pressure. Nasdaq futures slipped nearly 0.4%, while S&P 500 futures lost around 0.3%, reflecting renewed concern that elevated oil prices could delay interest-rate cuts and tighten financial conditions.

Brent crude stayed close to the $100 mark. In contrast, WTI crude hovered slightly below it after Trump warned that geopolitical tensions and supply disruptions could keep energy markets volatile through the second quarter. Traders are increasingly worried that sustained triple-digit oil prices may reignite inflation at a time when markets were beginning to price in a softer Federal Reserve stance.

The pressure was most visible in technology futures. Growth stocks, which typically benefit from lower yields and stable inflation expectations, saw mild selling as Treasury yields edged higher. The US 10-year Treasury yield moved near 4.6%, signaling that bond markets are beginning to reprice inflation risks tied to energy.

Tesla shares also remained under pressure in premarket trading, extending recent weakness after investors questioned demand trends and margin recovery prospects. Semiconductor and AI-linked stocks were comparatively resilient, but the broader Nasdaq tone stayed cautious as oil dominated investor sentiment.

According to this market update from Economic Times, traders are closely tracking whether crude can remain near $100 for another week. Historically, extended periods of elevated oil prices tend to weigh on consumer spending, corporate margins, and broader equity valuations.

For now, markets are balancing strong earnings momentum against macro uncertainty. The mood on Wall Street has not turned bearish, but the message from futures markets is clear: as long as oil remains elevated, volatility is unlikely to fade.

LIVE UPDATES3 updates
3 mins ago•Rubaishamacro

April CPI Expected to Rise 0.6% as Oil Shock Pressures Markets

US inflation is expected to rise again in April 2026 as higher oil prices continue to pressure consumers and businesses. Economists now expect headline CPI to rise 0.6% in April after a 0.9% increase in March, with annual inflation projected to reach 3.7%, its highest level since September 2023. The ongoing Iran conflict has pushed global energy costs upward, with Brent crude prices climbing above $105 per barrel in May 2026, while U.S. crude approached $100. The April CPI report has become one of the most closely watched economic releases of the year because it could shape Federal Reserve policy for the rest of 2026. Markets are now reducing expectations for near-term interest rate cuts, with economists expecting the Fed to hold rates steady between 3.50% and 3.75% for an extended period. Higher fuel costs are spreading into many parts of the economy, including airlines, shipping companies, and manufacturers facing increased operating expenses. Investors fear inflation may remain elevated longer than expected, which directly affects stock market direction, Treasury bond yields, and mortgage rates. The pressure is most visible in technology futures, where growth stocks saw mild selling as Treasury yields edged higher near 4.6%, signaling that bond markets are beginning to reprice inflation risks tied to energy. [Read More](https://meyka.com/blog/us-cpi-report-consumer-inflation-expected-to-rise-further-in-april-amid-iran-war-impact-2605)
4 hours ago•Danny Kontosmacro

April CPI Expected to Rise 0.6% as Oil Shock Pressures Markets

US inflation is expected to rise again in April 2026 as higher oil prices continue to pressure consumers and businesses. Economists now expect headline CPI to rise 0.6% in April after a 0.9% increase in March, with annual inflation projected to reach 3.7%, its highest level since September 2023. The ongoing Iran conflict has pushed global energy costs upward, with Brent crude prices climbing above $105 per barrel in May 2026, while U.S. crude approached $100. The April CPI report has become one of the most closely watched economic releases of the year because it could shape Federal Reserve policy for the rest of 2026. Markets are now reducing expectations for near-term interest rate cuts, with economists expecting the Fed to hold rates steady between 3.50% and 3.75% for an extended period. Higher fuel costs are spreading into many parts of the economy, including airlines, shipping companies, and manufacturers facing increased operating expenses. Investors fear inflation may remain elevated longer than expected, which directly affects stock market direction, Treasury bond yields, and mortgage rates. The pressure is most visible in technology futures, where growth stocks saw mild selling as Treasury yields edged higher near 4.6%, signaling that bond markets are beginning to reprice inflation risks tied to energy. [Read More](https://meyka.com/blog/us-cpi-report-consumer-inflation-expected-to-rise-further-in-april-amid-iran-war-impact-2605)
5 hours ago•Huzaifa Zahoorstock

GameStop Shares Swing Wildly After Roaring Kitty X Post as Futures Slide Ahead of CPI Data

Wall Street is on edge this morning. GameStop delivered pure theatre overnight. And now the CPI report is about to walk in the door.

GameStop shares spiked and then quickly dropped in after-hours trading Monday after cryptic social media posts appeared and then vanished from the X account of Keith Gill, the financial influencer better known as "Roaring Kitty", who first rose to fame during the 2021 meme-stock craze. It was vintage chaos.

The stock jumped as much as 13% before paring all those gains and trading lower. The posts, one depicting a cat, another showing Pepe the Frog wearing Roaring Kitty's trademark red bandanna were deleted around 5:40 p.m. New York time. Less than one hour after they appeared.

Some commenters on X immediately suspected a hack, pointing to a Solana Pump fun token address embedded in one of the posts as evidence that account may have been compromised rather than Gill himself posting. Nobody confirmed anything. The mystery only fueled more speculation.

Shares of Chewy, founded by GameStop's current CEO Ryan Cohen, also rose as much as 3% before erasing the move entirely. AMC Entertainment slipped 6% as the initial meme enthusiasm faded fast.

GameStop was last seen at $23.17, backing off sharply from its session peak of $25.94. Classic meme-stock pattern. Spike hard. Fade harder.

Now the real market mover arrives. S&P 500 futures slipped 0.19% early Tuesday. Nasdaq 100 futures fell 0.43%. Dow futures barely held steady, down just 0.05%. Markets are in wait and see mode.

April CPI, due Tuesday Morning is the inflection point of the week. Headline CPI is expected at 0.6% month-on-month. A 3.0% CPI reading versus a 3.5% reading is the difference between a 15% rate-cut probability for June versus zero, which feeds directly into Nasdaq forward valuations. That gap matters enormously right now.

WTI crude is hovering right at the edge of $100 per barrel. Without a ceasefire between the US and Iran, war-related inflation remains the single biggest obstacle to any hope of rate cuts. GameStop gave markets drama for the night. The CPI report delivers the verdict that actually counts.

Previous Updates

More from Meyka