U.S. stock futures are trading mixed early Tuesday as traders anticipate July’s Consumer Price Index (CPI) data. Futures on the Nasdaq 100 (NDX) and the S&P 500 (SPX) were down 0.14% and 0.38%, respectively, while those on the Dow Jones Industrial Average (DJIA) were up 0.12%, at 4:37 a.m. EST on August 12.
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In Monday’s trading session, major indexes closed in negative territory after President Trump signed an executive order extending China’s tariff deadline by 90 days, moving it to November 9. Trump also confirmed that the U.S. would receive a 15% revenue share of Nvidia (NVDA) and Advanced Micro Devices (AMD) chip sales to China. The S&P 500 fell 0.25%, the Dow Jones declined 0.45%, and the Nasdaq Composite dropped 0.30%.
In key economic reports, investors are awaiting July’s CPI report today. Experts predict the index will show a 0.2% month-over-month increase and a 2.8% year-over-year rise in July’s reading. According to data from CME’s FedWatch Tool, the market is currently pricing in nearly an 87% chance of an interest rate cut in September.
Moreover, traders will be watching earnings reports from Rigetti Computing (RGTI) and CoreWeave (CRWV) today.
Meanwhile, the U.S. 10-year Treasury yield was up, floating near 4.27%. WTI crude oil futures were trending higher, hovering near $64.09 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price decreased to nearly $3,401 per ounce on Tuesday.
Elsewhere, European stocks opened mostly in the green as traders worldwide anticipate the U.S.’ key inflation report. At the same time, the UK reported stronger-than-expected jobs growth in the quarter ending June.
Asia-Pacific Markets Traded Higher Today
Asia-Pacific markets traded mostly higher today as investors reacted positively to President Trump’s trade deadline extension with China. Additionally, Trump’s deal allowing Nvidia and AMD to ship advanced AI chips to China boosted investor sentiment.
Hong Kong’s Hang Seng index rose 0.25%. In China, the Shanghai Composite index gained 0.50%, while the Shenzhen Component added 0.29%. Japan’s Nikkei advanced 2.15%, and the Topix surged 1.39%, to reach an all-time high.