<div id="readability-page-1">Investing.com- U.S. stock index futures fell slightly on Tuesday evening, remaining on the backfoot after concerns over the Iran war and a strong inflation reading pulled Wall Street lower. Deep losses in chipmaking stocks also weighed, as the sector profit-taking after rallying to a series of record highs in recent weeks. Losses in chips also pressured the broader technology sector. S&amp;P 500 Futures fell 0.1% to 7,419.25 points by 19:30 ET (23:30 GMT). Nasdaq 100 Futures fell 0.16% to 29,124.75 points, while Dow Jones Futures were marginally lower at 49,853.0 points. [[pro_promotion |Get more insights on Wall St and the impact of the Iran war by subscribing to InvestingPro]] Wall St spooked by hot CPI print, chip losses Wall Street indexes fell from record highs on Tuesday, with a stronger-than-expected consumer price index print being a key point of concern. CPI data read stronger than expected for April, with the index touching its highest level since May 2023. Core CPI also grew more than expected, largely confirming market anxiety over the inflationary effects of the war on Iran. Higher oil and gas prices factored into steeper overall costs for American consumers in April. The print spurred some bets that the Federal Reserve could hike interest rates later this year, although consensus remained that the central bank will keep rates unchanged this year. Tuesday’s print also came just days before the end of Fed Chair Jerome Powell’s term, with President Donald Trump’s nominee, Kevin Warsh, likely to be his replacement. The S&amp;P 500 fell nearly 0.2% from a record high on Tuesday. The Dow Jones Industrial Average was flat, while the NASDAQ Composite fell 0.7% on losses in chipmaking stocks. The sector was hit with a wave of profit-taking after logging a strong run-up in recent weeks. The Philadelphia Semiconductor Index slid 3% on Tuesday. US-Iran impasse remains, Trump’s China trip in focus Markets also remained on edge over little progress towards a U.S.-Iran peace deal. Trump told reporters earlier this week that the ceasefire was on “massive life support,” while also rejecting Iran’s response to a 14-point peace proposal. Trump said a naval blockade against Iran will remain in place, while reports also showed the president considering a resumption in combat operations against Iran. Trump will embark on a three-day trip to China, with some observers suggesting that a meeting with President Xi Jinping could help crack an impasse with Iran. Trump is also expected to discuss trade tariffs, Taiwan, and artificial intelligence with the Chinese leader.</div>

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U.S. stock index futures dipped slightly as Wall Street faced pressure from concerns over the Iran war and a stronger-than-expected inflation reading. The S&P 500 Futures fell 0.1%, while Nasdaq 100 Futures dropped 0.16%. The consumer price index (CPI) data indicated higher inflation, raising speculation about potential interest rate hikes by the Federal Reserve. Additionally, losses in chipmaking stocks contributed to the decline, with the Philadelphia Semiconductor Index sliding 3%. Market sentiment remains cautious amid ongoing tensions regarding a U.S.-Iran peace deal and President Trump's upcoming trip to China.

- U.S. stock index futures declined on Tuesday evening, influenced by concerns over the Iran conflict and a strong inflation reading that impacted Wall Street.  
- The S&P 500 Futures fell 0.1% to 7,419.25 points, while Nasdaq 100 Futures decreased by 0.16%, reflecting losses in chipmaking stocks following recent gains.  
- Market anxiety was heightened by a stronger-than-expected consumer price index reading, suggesting potential Federal Reserve interest rate hikes, as political tensions regarding the U.S.-Iran relationship lingered.

US stock futures dip after Wall St falls on Iran tensions, hot CPI