On May 12, 2023, Wall Street experienced a downturn with the S&P 500 dropping 0.54% and the Nasdaq declining 1.37% as investors reacted to higher-than-expected inflation data and rising tensions in the U.S.-Iran conflict. The Dow Jones Industrial Average remained relatively unchanged, falling just 4.18 points. The inflation report indicated that consumer prices are rising faster than anticipated, which may hinder the U.S. Federal Reserve's ability to lower interest rates this year. The ongoing conflict with Iran, now in its 11th week, has disrupted crude oil supply, raising concerns over energy prices and broader inflation. As a result, the probability of a rate hike has increased, now standing at 31.5% for a potential 25-basis-point increase in December. Despite the overall market decline, healthcare stocks like Humana surged 5.4% after a price target hike, while Zebra Technologies jumped 14.4% on a positive sales forecast. In contrast, GameStop's stock dipped 1.3% after eBay rejected its takeover bid.