Dow Jones Futures Fall on Iran Risk and CPI

The 10-year Treasury yield was last around 4.80%, underscoring how stubborn bond-market pressure remains ahead of the August CPI report and other inflation releases. A hotter-than-expected reading would strengthen the case for tighter policy for longer, while any upside shock from Middle East energy risks could complicate the Fed’s inflation fight further.

Apple is in focus ahead of its event, with shares trading at 319.97 after recent volatility. The stock remains above its 200-day moving average, but its 50-day line near 315 is now a key near-term level as investors look for evidence that new products can sustain demand in a more inflation-sensitive consumer environment.

Nvidia, meanwhile, continues to hold up better than the broader market, closing at 230.36 and sitting above both its 50-day and 200-day averages. Micron and Sandisk are also in view after flashing buy signals in the semiconductor space, a sign that investors are still willing to rotate into AI and memory-related names even as macro risks rise.

The wider market tone is fragile. Adalytica’s S&P 500 trade-signal snapshot shows “Extreme Fear,” while its CPI sentiment gauge is in “Fear” territory, reflecting how quickly inflation anxiety has returned to the front of the market.

For investors, the next catalysts are straightforward: CPI, subsequent inflation prints and any change in the Middle East risk premium. If data runs hot and geopolitics intensify, futures could struggle to extend last week’s rebound; if inflation cools and tensions stabilize, the market may get room to reassert its uptrend.