Stock futures are falling after a hotter-than-expected inflation report, which increased the probability of a 25-basis-point Federal Reserve rate hike to 86% while Treasury yields moved higher. Oil prices fell back below $90 per barrel after President Donald Trump downplayed the risk of an escalation in the Iran war. Anthropic is preparing an initial public offering of 825 million shares that could value the company at $1.405 trillion, while Nvidia dropped 1.5% following disclosures about an affair involving chief executive Jensen Huang. Wells Fargo and Citi cut their Nvidia price targets but maintained buy ratings, and CoreWeave, Home Depot, Lowe’s, TJX, Visa, Mastercard, Capital One and KKR are also on the watchlist.
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