U.S. stocks stumble after a discouraging update on inflation

Résumé détaillé

The U.S. stock market is under pressure Tuesday after a report showed inflation was worse across the country last month than economists expected.

HONG KONG — Early trading on Wall Street was mixed and oil prices fell again, one day after stocks rallied to recover most of the big losses from last week.

Futures for the S&P 500 rose 0.1% before the opening bell, while futures for the Dow Jones Industrial Average gained 0.3%. Nasdaq futures dipped 0.3%.

Oil prices continue to decline, with Brent crude falling below $91 per barrel, the lowest level in three months. The declines came after U.S. President Donald Trump said that the war in Iran “militarily is effectively over,” a week after American voters, angered by skyrocketing costs, handed both chambers of Congress to Democrats in midterm elections.

Brent crude, the international standard, fell 2.2%, or $2.02, to US$90.55 a barrel. U.S. benchmark crude oil slid 1.8%, or $1.65, to $84.94 per barrel.

Nvidia shares were off less than 1% before the bell. Shares fell 4.3% on Monday after the AI chip company said it’s investigating after its CEO, Jensen Huang, acknowledged an intimate relationship with a business executive who, according to The New York Times, U.S. intelligence determined was gathering information for China.

Nvidia’s board said it has “no reason to believe” that either national security or Nvidia secrets were compromised but its inquiry would examine all available information. China has rejected the allegations.

Artificial intelligence giant Anthropic filed papers with regulators Tuesday seeking a $1.3 trillion valuation ahead of its IPO, expected later this month.

Anthropic’s quarterly revenue swelled to $17 billion but it still posted a net loss for the latest three months, the artificial intelligence giant said in an updated IPO filing.

Last week, the San Francisco company behind the Claude chatbot said its quarterly revenue swelled to $17 billion though it still posted a loss for the last three-month period.

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