U.S. stock futures were mostly steady on Tuesday night after the S&P 500 (SPX) pulled back from record highs reached earlier in the week. Futures on the Dow Jones Industrial Average (DJIA) and the S&P 500 Index were down a modest 0.09% and 0.02%, respectively, while the Nasdaq 100 (NDX) futures were up 0.04% at 7:54 p.m. EDT on January 13.
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During Tuesday’s regular trading session, all three major indexes closed in the red. The S&P 500 fell 0.2%, the Dow dropped nearly 400 points, and the Nasdaq Composite edged down 0.1%.
Financial stocks led the losses. Shares of JPMorgan Chase (JPM) fell more than 4% after its fourth-quarter investment banking fees appeared weaker than expected. Goldman Sachs (GS) and Bank of America (BAC) also declined.
On the inflation front, December’s Consumer Price Index (CPI) rose 2.7% from a year earlier. Investors will get another update on inflation with the release of the December producer price index before the market opens.
Earnings will also be in focus. Bank of America, Wells Fargo (WFC), and Citigroup (C) are all scheduled to report their quarterly results before the opening bell.
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