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.

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.

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

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.

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.

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.

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.

CPI and PPI inflation data are out this week. Energy is frequently scrutinized, but is AI expenditure broadening the base? SCFR's Kevin Gordon looks at the week ahead.