Wall Street’s moves remain subdued as traders weigh fresh inflation readings and ongoing geopolitical risks tied to Iran. Multiple outlets report that the S&P 500 is either holding close to recent record levels or slipping modestly, reflecting uncertainty about how long higher inflation may persist. Investors focus on data that indicates inflation is running hot and accelerating, which raises the likelihood that central banks may keep interest rates higher for longer. At the same time, reporting highlights concerns that a prolonged Iran conflict could sustain higher energy prices, which can feed into overall inflation and further complicate monetary policy decisions. The combination of hotter inflation expectations and potential energy-driven price pressures drives caution in equity markets, leading to small day-to-day moves rather than a clear trend. Overall, the sources describe a market reacting to both domestic macroeconomic signals and external risk factors, with rate expectations remaining a central theme.