S&P 500 Opens Higher Near 7,433 Ahead of CPI and Nvidia Earnings

Wall Street futures signaled a moderately higher open on May 22 as the S&P 500 steadied near 7,433 following a sharp rebound the prior session. The index has endured repeated swings since May 15, when rising Treasury yields above 4.5% and Brent crude above $100 triggered a 1.25% selloff that erased much of the week’s gains. A strong 1.08% rally on May 20 lifted the benchmark back above 7,432 as oil and yields eased ahead of Nvidia’s post-close earnings and the latest FOMC minutes, keeping traders positioned for continued volatility.