Stock Market Today: Dow Jones, S&P 500 Futures Decline As Inflation Fears Grip Wall Street— XP, Atmos Energy, GE Aerospace In Focus (UPDATED)

(Editor’s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.) U.S. stock futures were lower as the Nasdaq 100 index fell on Tuesday following Monday’s mixed close. Inflation fears gripped Wall Street as Ed Yardeni anticipated an imminent policy shift, noting that recent CPI and PPI data suggest the Fed is currently "behind the curve" on inflation. He expects the central bank to completely drop its easing stance and adopt a "tightening bias" at its upcoming June meeting, followed by a 25-basis-point rate hike in July. Meanwhile, the 10-year Treasury bond yielded 4.60%, and the two-year bond was at 4.06%. The CME Group's FedWatch tool ‘s projections show markets pricing a 98.8% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting. Index Performance (+/-) Dow Jones -0.02% S&P 500 -0.13% Nasdaq 100 -0.24% Russell 2000 -0.09% The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ) , which track the S&P 500 and Nasdaq 100, respectively, were lower in premarket on Tuesday. The SPY was down 0.45% at $735.36, while the QQQ was lower by 0.84% to $699.96. data-variant="banner" data-news-mode="manual" > Read Also: Nvidia Is Still 'Cheapest Name' In Tech, Says Market Strategist: Q1 Earnings Will Make Your 'Jaw Drop' Stocks In Focus XP XP Inc. (NASDAQ: XP ) was 6% lower in premarket on Tuesday as it reported worse-than-expected first-quarter financial results. The company also named Gustavo Alejo Viviani as CFO starting Aug. 3. Benzinga’s Edge Stock Rankings indicate that XP maintains a weak price trend in the long term, short, and medium terms, with a solid value score. Full story available on Benzinga.com