S&P 500 Futures Slide 0.36% to 7,386 on Iran Ceasefire Doubts Ahead of CPI

S&P 500 futures fell 0.36% to around 7,386 on May 12 as doubts mounted over a collapsing U.S.-Iran ceasefire, boosting oil prices and inflation risks just before April CPI data. The index had rallied over 12% from a late-March low near 6,528 to a record 7,365 close on May 6, fueled by 85% Q1 earnings beats, AMD's 18% AI surge, ADP's +109k jobs, and initial ceasefire hopes that eased Brent to $95. It slipped 0.38% to 7,337 on May 7 amid hawkish Fed remarks and hostilities, with futures rebounding post a 115k nonfarm payrolls beat before Trump's May 10 rejection of Iran's 'totally unacceptable' proposal reignited tensions.