U.S. stock futures were mixed early Tuesday as investors looked ahead to major bank earnings and an important inflation report due today. Futures on the Nasdaq 100 (NDX) and the S&P 500 (SPX) were up 0.51% and 0.26%, respectively, while the Dow Jones Industrial Average (DJIA) futures were down 0.18% at 4:38 a.m. EST, July 15.
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In Monday’s regular session, all major indices closed in the green despite President Donald Trump’s new threat of a 30% tariff on goods from the European Union and Mexico. The Dow Jones, the S&P 500, and the Nasdaq Composite climbed 0.2%, 0.1%, and 0.3%, respectively.
Investors are now looking ahead to the second-quarter earnings season, hoping it will help push the market even higher. According to FactSet data, S&P 500 companies are expected to report earnings growth of 4.3% year-over-year.
Kicking off the Q2 earnings season, several major banks are set to report today, including JPMorgan Chase (JPM), Wells Fargo (WFC), and Citigroup (C). Other companies include BlackRock (BLK) and Albertsons Companies (ACI), both of which will also release their quarterly results.
Beyond earnings, investors are looking forward to the release of the June Consumer Price Index (CPI) report, due Tuesday morning. Currently, economists forecast a 0.3% monthly increase and a 2.7% year-over-year headline reading. A higher-than-expected reading could worry markets, which so far haven’t seen many sign of inflation from the tariffs.
Meanwhile, the U.S. 10-year Treasury yield was down, floating near 4.42%. However, WTI crude oil futures were trending lower, hovering near $66.47 per barrel as of the last check. At the same time, the Gold Spot U.S. Dollar Price increased to nearly $3,357 per ounce on Tuesday.
Elsewhere, European stocks opened higher today, even as Trump renewed threats of tariffs. Investors appear hopeful that talks with the EU might soften the impact of Trump’s tariff threats.
Asia-Pacific Markets Ended Higher Today
Most Asia-Pacific indices moved higher on Tuesday after China’s economy grew more than expected in the second quarter. China’s GDP went up by 5.2%, slightly above the 5.1% growth that experts had predicted.
Hong Kong’s Hang Seng Index was up 1.48%, while China’s Shenzhen Component edged up 0.56%. However, the Shanghai Composite slipped 0.42%. In Japan, the Nikkei rose 0.55%, and the Topix climbed 0.09%.
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