The S&P 500 broke below its 50-day moving average as both Treasury yields and oil prices experienced significant increases. Oracle saw a late surge following positive earnings. The upcoming CPI inflation report is expected to solidify predictions for a Federal Reserve interest rate hike scheduled for next week. This news comes as Dow Jones Futures indicate a bearish trend, with the S&P 500 losing support due to surges in oil prices and yields, while Oracle's late jump coincides with the anticipation surrounding the CPI inflation report.