E-mini S&P 500 futures ended slightly lower in choppy trade.

Equity markets experienced a choppy session on Tuesday, with E-mini S&P 500 futures trading in a wide 100 point range before settling slightly lower just below 6,800. Traders remained focused on geopolitical headlines from the Middle East and significant fluctuations in WTI Crude Oil futures. Rate cut expectations for 2026 have shifted, with the market currently pricing in only one 25 bps cut for the year. Volatility moved inversely to the indices, nudging off intraday lows as stocks pulled back in the afternoon. Market participants are looking ahead to Wednesday's CPI report for further clarity on inflation and its potential impact on future policy, along with corporate earnings that may provide insight into consumer demand.