Dow Jones futures today: on edge ahead of US CPI data as IS-Iran war continues

Economic Indicators - The US consumer inflation report is expected to show a headline CPI increase of 2.4% and a core CPI of 2.5% for February 2026 [1][1] - Rising inflation is attributed to the ongoing US-Iran war, which has led to increased energy prices, with Brent and WTI oil prices reaching $92 and $88 respectively [1][1] - The average gasoline price has surged to $3.5, marking the highest level since 2024, with an increase over the last 11 consecutive days [1][1] Market Reactions - Dow Jones futures dropped to $47,600, down 6.12% from the year's highest point, as traders await inflation data [1][1] - The US stock market saw declines, with the Dow Jones dropping by 123 points, S&P 500 by 10 points, Nasdaq 100 by 42 points, and Russell 2000 by 15 points [1][1] - Rising inflation expectations have contributed to an increase in US bond yields, with the ten-year yield at 4.17%, and the 30-year yield at 4.8% [1][1] Company Performance - Oracle reported a revenue increase to $17.18 billion, exceeding analyst expectations of $16.9 billion, with a year-over-year growth of 22% [1][1] - Oracle's net income rose to $3.7 billion, primarily driven by its AI infrastructure business [1][1] - Upcoming earnings reports from Dollar General, Ulta Beauty, Lennar, and Adobe are anticipated to influence the Dow Jones Index [1][1]