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Tech Stocks Dip as Markets Await CPI Data

Wall Street Journal Markets •
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Tech shares slipped early Wednesday as investors held back before the U.S. CPI release. Nasdaq 100 futures fell more than 0.7%, while S&P 500 and Dow futures showed narrower declines. All three major indices closed lower on Tuesday after a volatile session.

Global markets mirrored the wobble. South Korea’s tech‑heavy Kospi dropped sharply, reflecting broader tech‑sector sensitivity. Oil prices nudged up, with Brent crude trading at $92 a barrel after the U.S. struck Iran in response to an Apache helicopter shoot‑down.

The dip underscores investor caution ahead of the inflation report, which could shape Fed policy expectations. A softer CPI could ease rate‑hike fears, while a stronger reading might tighten sentiment.

In short, tech stocks and global indices edged lower as traders await CPI data, while oil gains highlighted geopolitical tensions affecting energy markets.