US S&P 500, Nasdaq and Dow futures were largely unchanged, trading around 7,438.75, 29,433.0 and 49,802.0 points respectively.
Wall Street closed at record highs on Monday, with S&P 500 at 7,412.87, Nasdaq at 26,274.13 and Dow at 49,704.34.
April CPI expected to rise to 3.7% YoY while core CPI stays near 2.7%, influencing expectations on Fed rate cuts.
Tension escalated as President Trump rejected Iran’s peace proposal and hinted at reopening the Strait of Hormuz, keeping oil near four‑year highs.