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US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
U.S. stock futures held steady Tuesday evening following a positive close for the S&P 500 and Nasdaq, driven by easing inflation and optimism over the U.S.-China trade deal. S&P 500 Futures edged up 0.1% to 5,908.0, Dow Jones Futures gained 0.1% to 42,265.0, while Nasdaq 100 Futures hovered near flat at 21,290.50.
Earlier in the day, the S&P 500 climbed 0.7% and the Nasdaq surged 1.6%, fueled by a softer-than-expected April CPI reading. Meanwhile, the Dow dipped 0.6%, pressured by an 18% drop in UnitedHealth (NYSE:UNH) after it withdrew its full-year outlook and CEO Andrew Witty announced his resignation amid rising medical costs.
The consumer price index rose 2.3% year-over-year in April, slightly below forecasts of 2.4%. Month-over-month inflation came in at 0.2%, under the expected 0.3%, and core inflation also rose just 0.2%, easing pressure on the Federal Reserve to tighten policy.
Adding to market cheer, the U.S. and China agreed to a 90-day reduction in tariffs. The U.S. will slash tariffs on Chinese goods from 145% to 30%, while China will cut its own from 125% to 10%. Lower trade tensions are seen as supportive of economic growth and may reduce inflationary risks.
Nvidia (NASDAQ:NVDA) jumped 5.6% after confirming a major AI chip sale to Saudi firm Humain for a planned 500 MW data center. Boeing (NYSE:BA) rose 2% as China lifted a ban on plane deliveries. Coinbase (NASDAQ:COIN) surged ahead of its May 19 inclusion in the S&P 500, while Under Armour (NYSE:UAA) gained on strong quarterly revenue.
