Stock market futures: What is affecting Dow, S&P and Nasdaq futures today?

Stock market futures fell early Tuesday ahead of the release of the April consumer price index (CPI) report

Updated on: May 13, 2025, 18:28:26 IST

By Yash Nitish Bajaj

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Stock market futures fell early Tuesday ahead of the release of the April consumer price index (CPI) report, which is expected to show the first impact of President Donald Trump's tariffs on inflation. The Dow Jones Industrial Average (Dow) Futures fell 247 points, or 0.5%. The S&P 500 futures and Nasdaq-100 futures dipped 0.2% each.

Stock market futures fell ahead of the CPI report release on Tuesday (AFP)

The CPI report showed an increase of 0.2% last month after dipping 0.1% in March.

What is the CPI report?

The CPI report is a monthly economic indicator published by the US Bureau of Labor Statistics (BLS) that measures the average change over time in the prices paid by urban consumers for a market basket of goods and services, such as food, housing, transportation, medical care, and entertainment. It serves as a key gauge of inflation.

According to a CNBC report citing Dow Jones consensus, the CPI is expected to stay at a 2.4% rate in April.

The stock market futures fall came a day after a huge rally on Monday after the US and China agreed on a trade deal to slash tariffs for 90 days. The Dow surged over 1,100 points, and the S&P 500 surged over 3%.

One of the big losers premarket on Tuesday was UnitedHealth. Shares dropped 7% after the company announced it is suspending its 2025 outlook due to higher-than-expected medical expenditures. UnitedHealth further announced that CEO Andrew Witty was stepping down, effective immediately, for personal reasons. Stephen Hemsley will take on his former role.

Wells Fargo recommends a nimble approach

Wells Fargo noted that investors should remain flexible.

“Despite the sharp rebound in more risk assets, markets are by no means out of the woods, and we expect more volatility along with some resistance as investors continue to evaluate the tariff situation and its impact on the global economy and corporate earnings,” Wells Fargo Investment Institute global equity strategist Chris Haverland wrote.

“We recommend a nimble approach to rebalancing for all major asset classes, as we anticipate range- bound markets toward year end,” he added

ABOUT THE AUTHOR
Yash Nitish Bajaj
Yash Bajaj is a Chief Content Producer with a strong foundation in US coverage, digital strategy, and audience-focused storytelling. As part of the US Desk at Hindustan Times, he covers a wide range of topics - from American politics to sports (NFL, NBA, derbies, MLB and more). Before joining Hindustan Times, Yash served as Deputy News Editor at Times Now, where he oversaw international coverage and led a team of six. In this role, he significantly expanded global traffic through strategic planning, SEO-driven content execution, and meticulous trend tracking across platforms. He is experienced in managing high-pressure breaking-news shifts, coordinating live coverage, and building newsroom systems that improve speed, accuracy, and reach. Prior to Times Now, Yash held a position at Opoyi, where he headed the Sports and US news team. He developed broad editorial strategies, guided reporters across multiple beats, and played a key role in recruiting and training new talent. His responsibilities also extended to social media management and experimenting with innovative content formats. A passionate NFL fan, Yash is a die-hard supporter of the Cincinnati Bengals and has followed Joe Burrow closely since his college days at LSU. Whether breaking down top players' latest performance, analyzing team performances, or tracking roster moves, he brings the same dedication and sharp storytelling to his sports coverage as he does to American politics and breaking news. When he’s not writing, Yash can often be found watching games or debating the latest NFL storylines with fellow fans. Yash holds a Bachelor of Mass Media (Journalism) from HR College, Mumbai University. His interests extend well beyond the newsroom: he is an enthusiastic explorer of AI tools, a movie buff with an ever-growing watchlist, and someone who enjoys unraveling conspiracy theories for fun.Read More

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