Stock Market Today: S&P 500, Dow Futures Fall As Trump Orders Strikes Against Iran—Autozi Internet, Cracker Barrel In Focus

U.S. stock futures fell on Wednesday, as the Nasdaq 100, S&P 500, and the Dow Jones indices declined, following Tuesday’s mixed close. Investors are closely watching the upcoming May CPI release before the market opens, which FactSet data estimates will show a 4.2% year-over-year increase. If accurate, this uniform projection across surveyed analysts would mark the largest annual rise in consumer prices since April 2023. On Tuesday, President Donald Trump ordered military strikes against Iran after a U.S. Apache helicopter was brought down near the Strait of Hormuz . Trump later downplayed the severity of the incident, telling The Wall Street Journal that it “wasn't a big deal” because “the pilot is fine.” This came right after Trump posted early Monday that “both sides, Israel and Iran, are looking to do an immediate ceasefire,” shortly before Iran’s armed forces said they had ended military operations against Israel. Meanwhile, the 10-year Treasury bond yielded 4.53%, and the two-year bond was at 4.14%. The CME Group's FedWatch tool ‘s projections show markets pricing a 98.2% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting. Index Performance (+/-) Dow Jones -0.45% S&P 500 -0.54% Nasdaq 100 -0.88% Russell 2000 -0.64% 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 Wednesday. The SPY was down 0.47% at $733.62, while the QQQ declined by 0.79% to $702.25. data-variant="card" data-news-mode="manual" > Read Also: Jim Cramer Is 'VERY Skeptical' Of Intel's 2028 Foundry Deal With Google And Nvidia: Here's Why Stocks In Focus Super Micro Computer Super Micro Computer Inc. (NASDAQ: SMCI ) dropped 8.74% in p