Another round of inflation data arrives a day after consumer price data met expectations. Stocks fell sharply, though, due to rising Iran tensions and more selling of chip makers.

CPI data due today will offer the latest inflation reading ahead of next week's Federal Reserve meeting, a day after chipmakers suffered a second rout in three trading sessions.

As Wall Street eagerly awaits historically large IPOs, index providers weigh the implications and logistics of adding new members on an accelerated timeline.

May Consumer Price Index data was hot, but not as hot as expected. Energy was the main driver. Yields retreated, stocks fell, and oil rose early as Middle East tensions flared.

Gold dropped 3% on Friday, wiping out its gain on the year.

The Senate passed $70 billion immigration enforcement funding bill, Capitol Hill struggles to find consensus on how to regulate AI, and the Trump Accounts app is live.

Tech stocks led the market higher to start the week after Friday's sell-off. With yields and rate hike expectations rising, CPI and PPI data will be highlights this week.

Equity markets should remain supported by strong earnings and capital investment trends through 2026, but market concentration and macro risks leave less room for error.

Major market indexes plunged Friday after a hotter-than-expected jobs report lifted rate hike odds and Treasury yields. CPI and PPI are now in the spotlight this week.