U.S. stock futures were flat Tuesday evening as investors awaited another key inflation report. This comes after a hotter than expected consumer inflation report snapped record-setting streaks for the S&P 500 Index (SPX) and the Nasdaq. Futures on the Dow Jones Industrial Average (DJIA), the Nasdaq 100 (NDX), and the S&P 500 were down 0.01%, 0.02%, and 0.04%, respectively, at 6:22 p.m. EDT on May 12.
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Trade QQQ with leverageIn the regular trading session, the S&P 500 and the Nasdaq slipped from recent highs after April core inflation came in hotter-than-expected and oil prices kept rising. The Nasdaq and the S&P 500 fell 0.7% and 0.2%, respectively, while the Dow inched up 0.1%.
Looking ahead, Alibaba (BABA), Nebius (NBIS), BioNano Genomics (BNGO), and Cisco (CSCO) are set to report earnings on Wednesday. Traders will also watch for some key economic reports, including the producer price index (PPI).