Stock market today: Nasdaq, S&P 500 futures fall, Dow stalls as Wall Street braces for CPI inflation data

The consumer price index was expected to increase by 3.7% annually in April, according to the Dow Jones consensus.

US inflation accelerated in April amid an ongoing climb in gasoline prices and a jump in the cost of groceries. The consumer price index rose 3.8% from a year earlier, the fastest pace since 2023, while the core CPI, which excludes food and energy, increased 0.4% from a month earlier and 2.8% from a year earlier. Michael McKee breaks down the numbers on Bloomberg Television. (Source: Bloomberg)

Many analysts questioned the deal, citing questions about how GameStop would finance the transaction and the strategic rationale.