U.S. stock futures edged higher ahead of Tuesday’s session, as investors awaited a slew of major bank earnings reports and a key inflation reading this week. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were up 039%, 0.04%, and 0.23%, respectively, at 1:16 a.m. EDT on July 15.
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Wall Street concluded Monday with gains despite President Donald Trump’s new threat of a 30% tariff on goods from the European Union and Mexico, effective August 1. The Dow Jones, the S&P 500, and the Nasdaq Composite climbed 0.2%, 0.1%, and 0.3%, respectively.
The earnings season kicks off this week with major banks such as JPMorgan Chase (JPM), Wells Fargo (WFC), and Citigroup (C) scheduled to report on Tuesday. Also, Bank of America (BAC), Goldman Sachs (GS), and Morgan Stanley (MS) are slated to release results on Wednesday.
Beyond earnings, investors are looking forward to the release of the June Consumer Price Index (CPI) report. Currently, economists forecast a 0.3% monthly increase and a 2.7% year-over-year headline reading.