US Stock Market Today: S&P 500 Futures Climb on Sticky Inflation and Rate Jitters

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US stock futures are pointing higher this morning, with E-mini S&P 500 contracts up about 0.5%, as investors weigh softer inflation expectations against a rebound in bond yields and fresh tensions around a potential US Iran deal. The US 10-year yield is back near 4.5%, which can pressure borrowing costs for mortgages, credit cards and corporate debt. At the same time, the University of Michigan consumer sentiment index has moved to 48.9 from 44.8, while inflation expectations for the next year sit at 4.6%, suggesting households still feel squeezed. The key question now is whether stronger inflation data and higher yields force the Federal Reserve toward tighter policy. This would keep interest rate sensitive areas like bank stocks and real estate, along with energy producers tied to oil price swings, firmly in the spotlight for investors weighing where risk still feels acceptable.

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Roku (ROKU) jumped 20.08% after reports of sale talks with a U.S. media company.

Space Exploration Technologies (SPCX) gained 19.22% as interest around its recent IPO and AI ambitions remained in focus.

Arm Holdings (ARM) rose 11.27% following a BofA price target increase tied to long-term AI CPU demand.

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AST SpaceMobile (ASTS) fell 15.53% after reports it is revising satellite deals with key telecom partners.

EchoStar (SATS) declined 10.97%.

Rocket Lab (RKLB) declined 10.79% despite a recent analyst upgrade to Overweight at KeyBanc.

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The next few sessions center on interest rate expectations, with fresh inflation readings, bond moves and a handful of company updates.

US inflation backdrop stays in focus on Monday as PPI strength and softer Michigan expectations keep the Fed rate path in play.

US 10-year yield around 4.5% on Monday, with Iran deal headlines influencing borrowing costs and equity risk appetite.

Jabil (JBL) reports Q3 results before the market opens on Wednesday, with order trends and margin discipline under close scrutiny.

Progressive (PGR) posts May results on Wednesday, providing a clear view of underwriting trends and premium growth.

Datadog (DDOG) holds its AGM on Monday, where investors focus on board decisions and executive pay signals for future priorities.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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