Stock Market Update
11-May-26 15:35 ET
Major averages little changed ahead of tomorrow's CPI release
Dow +46.40
at 49655.56,
Nasdaq +4.22
at 26251.29,
S&P +7.94
at 7406.87
[BRIEFING.COM] The S&P 500 (+0.1%), Nasdaq Composite (flat), and DJIA (+0.1%) are defending their baselines entering the final half hour of today's session.
The market will receive an important inflation reading tomorrow in the form of the April CPI report (Briefing.com consensus 0.6%), which will provide color on how much of the oil-driven shock due to the Iran war is passing through the economy. Energy remains the main inflation driver as oil prices have surged to nearly four-year highs since the U.S.-Iran conflict began in late February.
Crude oil futures settled today's session $2.68 higher (+2.8%) at $98.07 per barrel, as President Trump's disapproval and dismissal of Iran's latest peace proposal throws the current ceasefire into question.
