US futures slip as AI rally cools and CPI data looms
US futures fell Tuesday as investors awaited inflation data and oil prices rose. The Nasdaq led declines as the AI rally cooled and GameStop's bid failed.
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United States stock futures fell Tuesday morning as a cooling semiconductor rally and geopolitical tensions in the Middle East pressured market sentiment. The Nasdaq 100 E-minis dropped 0.82%, or 242 points, following record closing highs for major indexes on Monday. Investors are pivoting toward critical inflation data to gauge whether price pressures will force a shift in interest rate expectations.
