US Markets Slip on 3.8% CPI

S&P 500 fell 0.7% to 7,363.42 and Nasdaq dropped 1.6% to 25,863.12 after April CPI rose 3.8% YoY, highest since May 2023.
Core CPI increased 0.4% MoM and 2.8% YoY; energy index up 3.8% MoM, gasoline up 5.4% MoM, driving headline inflation.
Oil prices rose ~3% (Brent $107.33, WTI $101.43) amid US‑Iran tensions, adding inflationary pressure.
eBay rejected GameStop’s $56 billion takeover; Under Armour shares fell ~20% on weak Q1 results; Hims & Hers down ~14% on revenue miss.