Stock Market Today: Dow, Set to Open Down; S&P 500, Nasdaq Futures Rise; Trump, Iran Hormuz Hope; Super Micro, Micron, Marvell, More Movers

Stock Market Today: Dow, Set to Open Down; S&P 500, Nasdaq Futures Rise; Trump, Iran Hormuz Hope; Super…

S&P 500 and Nasdaq futures rally Monday on expectations of a softer CPI report Wednesday; economists forecast inflation at 3.4% versus 3.5% prior. A benign CPI print and paused Fed rate hike in September would relieve monetary pressure on tech equities, historically punished by higher rates.