Investors had two reactions to Israel's broad attack on Iran late Thursday: They sold stocks broadly and bought crude oil and gold. Futures trading suggests the Standard & Poor's 500 Index will open down 52 points.

Wholesale data showed milder inflationary pressures while Trump renewed his threat to impose "take it or leave it" tariffs on trading partners.

A downside surprise in U.S. CPI data gave only a small boost to Treasurys, probably because tariff-driven price hikes still look imminent, said Capital Economics' James Reilly in a note. That said, these price hikes look discounted in markets, shielding Treasury yields from rising pressure, the senior markets economist added.

Stock futures fell sharply early Thursday, pointing to a rocky open as Wall Street grapples with a tragic plane crash involving Dow component Boeing (BA) and digests a blockbuster earnings report from software giant Oracle (ORCL).

Stocks haven’t been this expensive relative to bonds in almost 25 years. Is a market downturn next?

The Dow, S&P 500 and Nasdaq waver after a cooler-than-expected CPI report. Treasury yields are down and Bitcoin is flat.

Investors were digesting a softer-than-expected inflation reading and assessing a US-China plan to salvage their trade truce.

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