Stocks fall, week ahead, oil, Tesla and Top Gun – 5 things to know

Here are five things you must know on Tuesday, May 31:

1. — Inflation worries resurface, stock futures lower

U.S. stock futures were lower on Tuesday as investors headed into the last trading day of the month on concerns that the world’s central banks have failed to tackle a historic inflationary run that continues to weigh on returns in major world markets and slowing economic growth.

European inflation hit a new high of 8.3 percent in May, data from the region’s statistics office showed on Tuesday, after German data on Monday showed consumer prices rose at the fastest pace in more than 50 years.