U.S. stock futures were slightly down on Tuesday evening as investors awaited key economic data and a slew of corporate earnings. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were down 0.15%, 0.12%, and 0.14%, respectively, at 6:18 p.m. EDT on July 15.
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On Tuesday, the major stock indices witnessed a mixed performance. The S&P 500 and the Dow Jones declined 0.4% and 1%, respectively. However, the Nasdaq Composite rose 0.2% to achieve a record close.
The market sentiment was influenced by June’s consumer inflation report, which revealed a 0.3% monthly increase and a 2.7% year-over-year rate, in line with consensus estimates.
Looking ahead, investors await another key inflation update on Wednesday, the Producer Price Index (PPI) report for June. Economists currently predict a 0.2% month-over-month increase. On the earnings front, major banks such as Bank of America (BAC), Goldman Sachs (GS), and Morgan Stanley (MS) are set to release their results before the opening bell.