Stocks Fall, Oil And Rates Rise As Inflation "Roars Back"

US equity futures and bonds fell as oil prices rose, driven by a key inflation report indicating higher energy costs and supply disruptions from the Iran conflict. The core CPI increased more than expected, leading to declines in major tech stocks and chipmakers. In premarket trading, all major tech stocks were down, with significant losses for AST SpaceMobile, GameStop, and GitLab. Conversely, PACS Group and Quantum Computing saw substantial gains. The economic data slate includes ADP employment change and April CPI, while Fed speakers are scheduled throughout the day.