March S&P 500 E-Mini futures (ESH26) are muted this morning as January inflation data came in cooler than expected, offering hope that price pressures are finally stabilizing. The Consumer Price Index (CPI) rose 2.4% annually, a notable drop from the previous month and a return to levels seen before the 2025 tariff implementation. Both the headline and core inflation rates matched or beat economist forecasts, with the monthly all-items index rising a modest 0.2%.
In yesterday’s trading session, Wall Street’s major indices ended in the red. The Magnificent Seven stocks fell, with Apple (AAPL) sliding -5% and Tesla (TSLA) dropping more than -2%. Also, trucking and logistics stocks sank amid concerns about disruption from AI, with Landstar Systems (LSTR) tumbling over -15% and C.H. Robinson Worldwide (CHRW) slumping more than -14%. In addition, Cisco Systems (CSCO) plunged over -12% and was the top percentage loser on the Dow after the networking company reported weaker-than-expected FQ2 adjusted gross margin and issued tepid FQ3 adjusted gross margin guidance. On the bullish side, Equinix (EQIX) surged over +10% and was the top percentage gainer on the S&P 500 after the data-center real estate investment trust issued strong FY26 guidance.
