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The major averages were broadly lower as investors confront escalating U.S.-Iran tensions and a highly anticipated inflation report. The May CPI report showed annual inflation accelerating to 4.2% in May, which was in line with expectations but means that consumer prices rose at a faster rate for a third-straight month.Geopolitics are adding another layer of uncertainty. Renewed military exchanges between the United States and Iran have increased concerns about energy markets and global economic growth. Oil prices remain volatile as traders assess the risk of disruptions in the Middle East, particularly around the Strait of Hormuz. President Trump commented to reporters that the U.S. will be attacking Iran "very hard," building on his statement earlier on Truth Social that Iran took "too long to negotiate a deal that would have been great for them," so "now they will have to pay the price!!!"Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SpaceX'sIPO has drawn over $250B of investor demand, dwarfing the $75B the company aims to raise,Chewyreportedand provided guidance for Q2 and FY26Cracker Barrelreportedand provided its outlook for FY26Super Microannounced $7B inLakeland Industriesreported better-than-expected2. WALL STREET CALLS:Niketo Sector Perform at RBC CapitalBarclaysOscar Healthon exposure to individual ACA marketBillto Hold at TruistCava Groupto Buy at UBSSharkNinjawith an Overweight at Piper Sandler3. AROUND THE WEB:Volvosaid that in Q2, customer demand and deliveries in Europe are stable at good levels across the business, while in North America, demand remains strong with production gradually increasing, Reuters reportsStarbucksis considering options for its Japanese business, recently holding preliminary discussion with investment banks to determine an approach, Bloomberg saysAmazon Web Services'Chief Marketing Officer Julia White has asked staff to recruit recently laid off employees from Meta, Business Insider reportsNovelis, an aluminum-rolling plant in upstate New York that supplies Ford Motorand other automakers, will restart production Wednesday nine months after a fire, WSJ saysIn a recently published report, White Diamond Research claims SEGG Mediais "a fake company"4. MOVERS:Clover Healthgains after announcing the Centers for Medicare & Medicaid ServicesHyliion Holdingsincreases after Needhamof the stock with a Buy ratingRobinhoodhigher after being approved to, a director bought $20.2M shares, and announcing metrics for MayDianthuslower afterits CIDP Phase 3 studyWolfspeedfalls after filing to sellof stock5. EARNINGS/GUIDANCE:J.Jilland reaffirmed guidance for FY26Hinge Healthfor FY26 and Q2Casey's General Stores, with CEO Darren Rebelez commenting on "another record fiscal year"Limoneira, with EPS missing consensusCore & Mainand reaffirmed its guidance for FY26INDEXES:Near midday, the Dow was down 1.28%, or 651.41, to 50,220.70, the Nasdaq was down 1.33%, or 342.66, to 25,336.16, and the S&P 500 was down 0.99%, or 73.45, to 7,313.20.

Stocks are under pressure this morning as investors confront escalating U.S.-Iran tensions and a highly anticipated inflation report. Futures are pointing lower, with the Nasdaq leading the decline as semiconductor and AI-related stocks continue to retreat from their recent highs.The market's primary focus is the May CPI report, which showed annual inflation accelerating to 4.2% in May, in line with expectations, while core monthly inflation slowed more than anticipated to 0.2%.Geopolitics are adding another layer of uncertainty. Renewed military exchanges between the United States and Iran have increased concerns about energy markets and global economic growth. Oil prices remain volatile as traders assess the risk of disruptions in the Middle East, particularly around the Strait of Hormuz.In pre-market trading, S&P 500 futures fell 0.47%, Nasdaq futures fell 0.72% and Dow futures fell 0.44%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Cava Groupup 2% after UBS upgraded the stock to Buy with a price target of $90, up from $85Hinge Healthup 1% after raising its Q2 and FY26 revenue outlook at its inaugural investor dayUP AFTER EARNINGS -Yuanbaoup 18%Cracker Barrelup 17%Core & Mainup 1%DOWN AFTER EARNINGS -Chewydown 2%J.Jilldown 8%Lakeland Industriesdown 1%LOWER -Dianthusdown 20% after peer Sanofiannounced that its riliprubart Phase 3 study in patients with chronic inflammatory demyelinating polyneuropathy will be stoppedSuper Microdown 12% after announcing a series of concurrent equity and equity-linked financing transactions totaling $7B, in expected aggregate amount as part of its plan to fund the purchase of components to satisfy the AI orders that the company has received in recent weeks for its advanced AI serversNikedown 1% after RBC Capital downgraded shares to Sector Perform with a price target of $50, down from $70

Tuesday trading remained volatile as Middle East hostilities and renewed pressure in the Treasury market has been compounded by more active repositioning before the dawn of the trillion-dollar IPO trifecta, with SpaceX, OpenAI, and Anthropic all rushing toward public listings.  Energy and Tech - the top two sectors on Monday - were the worst performers on Tuesday.  Meanwhile Real Estate and Industrials led the benchmark.  Mega-cap Tech was also generally under heavy pressure, with notable 3.7% declines in Appleshares, 3% drop in Tesla, and a 2% slide in Microsoft.In the opening hours of the evening session, S&P e-minis and Nasdaq 100 contracts are both down about 0.3%.  In commodities, WTI Crude Oil is back above $89 per barrel following retaliatory strikes by U.S. forces against Iranian military installation after the latter downed a U.S. helicopter patrolling the Strait of Hormuz.  In metals, gold is at a 2.5-month low below $4,250 per ounce.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Lakeland Industriesup 14.8%Cracker Barrel Old Country Storeup 7.7%Casey's General Storesup 2.5%ALSO HIGHER -DOWN AFTER EARNINGS -Skillsoft Corp.down 4.2%BARK, Inc.down 2.9%Limoneiradown 1.4%ALSO LOWER -Summit Therapeuticsdown 6.8% after equity offeringSuper Micro Computerdown 5.5% after equity offering