U.S. stock futures were mixed ahead of Tuesday’s session as investors looked forward to a key inflation report that could influence the Federal Reserve’s next policy moves. Futures on the Nasdaq 100 (NDX) and the S&P 500 (SPX) were up 0.27% and 0.12%, respectively, at 12:03 a.m. EDT on August 12, while the Dow Jones Industrial Average (DJIA) futures were down 0.09%.
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On Monday, all three major indices closed lower. The S&P 500 and the Nasdaq Composite both fell by 0.3%, while the Dow dropped 0.5%. Despite the dip, the S&P 500 is still just 0.3% below its July 28 closing high.
In key economic reports, investors are focused on Tuesday’s release of the July Consumer Price Index (CPI). Economists forecast a 0.2% monthly increase in the overall CPI and a 2.8% rise year-over-year. In addition, traders will also be watching for earnings reports from Rigetti Computing (RGTI) and CoreWeave (CRWV).