Inflation likely rose in May, bouncing back after three months of declining as President Donald Trump's tariffs start to push up prices.

The latest Consumer Price Index report showed inflation rose slightly to 2.4%. Meanwhile, Trump said the U.S. and China have reached a trade framework. Follow along for live updates on the Dow, S&P 500,

U.S. stock futures tumbled early Friday as geopolitical tensions flared following a large-scale Israeli airstrike on Iran. The move, which targeted multiple military and nuclear sites, sparked a sharp rally in oil prices and rattled investor confidence,

NEW YORK (AP) — Wall Street closed its winning week and month with a quiet Friday following a mixed set of profit reports from Gap, Ulta Beauty and other companies navigating the challenges created by President Donald Trump’s on-and-off tariffs.

Consumer prices in the US rose less than anticipated in May, with limited evidence so far that President Donald Trump's tariff measures have had a material impact on inflation.

The consumer price index, a broad-based measure of goods and services across the sprawling U.S. economy, increased 0.1% for the month, putting the annual inflation rate at 2.4%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 2.4%.

Producers of metals and other raw materials fell as traders weighed the implications of inflation data and a U.S.-Chinese trade negotiations. The U.S. consumer price index rose 0.1% in May, a more benign reading than anticipated.

Stock market futures were mostly calm on Thursday evening ahead of a key jobs report that is expected to shed light on the health of the U.S. economy. S&P 500 futures ticked down about 0.1%. Futures for the Dow Jones Industrial Average were up less than 0.1% while Nasdaq 100 futures shed 0.3%.