Dow Futures Dip on Hotter Core CPI, $102 Oil Surge, Korea AI Dividend Fears
Wall Street futures slipped further after hotter-than-expected core CPI at 0.4% m/m and 2.8% y/y, with crude oil surging nearly 4% above $102/barrel and South Korean 'AI dividend' comments sparking a 2.3% Kospi plunge. Dow futures fell 0.1% vs. fair value, S&P 500 futures 0.4% lower, and Nasdaq-100 futures 0.9% down premarket as tech names like Micron dropped 3%. Earlier, futures ticked lower on oil topping $100 and pending CPI, with Treasury yields edging to 4.43% amid concentrated AI/chip leadership under pressure.