Equity Futures Mixed Ahead of Key Inflation Data, Big Bank Earnings
US equity futures were mixed before the open Tuesday as traders await a key inflation report and quarterly earnings of some of Wall Street's largest banks. The S&P 500 edged down 0.1% and the Nasdaq added 0.4% in premarket activity, while the Dow Jones Industrial Average fell 0.4%. The three main indexes finished the previous trading session lower. The official US consumer price index report for June is scheduled for an 8:30 am ET release. Data are expected to show that consumer inflation dropped 0.1% last month sequentially and rose 3.8% annually, according to a Bloomberg-compiled consensus. The Street is projecting core CPI, which excludes volatile items such as food and energy, to rise 0.2% month over month and 2.9% annually. Tuesday's main corporate earnings include those from JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS), Wells Fargo (WFC) and Citigroup (C). West Texas Intermediate crude oil was up 3.1% at $80.57 a barrel before the opening bell, while Brent gained 4.2% to $86.82. On Monday, President Donald Trump said the US was reinstating a blockade of Iranian shipping through the Strait of Hormuz amid growing tensions in the Middle East..
US equity futures were mixed before the open Tuesday as traders await a key inflation report and quarterly earnings of some of Wall Street's largest banks.
The S&P 500 edged down 0.1% and the Nasdaq added 0.4% in premarket activity, while the Dow Jones Industrial Average fell 0.4%.
The three main indexes finished the previous trading session lower.
The official US consumer price index report for June is scheduled for an 8:30 am ET release.
Data are expected to show that consumer inflation dropped 0.1% last month sequentially and rose 3.8% annually, according to a Bloomberg-compiled consensus.
The Street is projecting core CPI, which excludes volatile items such as food and energy, to rise 0.2% month over month and 2.9% annually.
Tuesday's main corporate earnings include those from JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS), Wells Fargo (WFC) and Citigroup (C).
West Texas Intermediate crude oil was up 3.1% at $80.57 a barrel before the opening bell, while Brent gained 4.2% to $86.82.
On Monday, President Donald Trump said the US was reinstating a blockade of Iranian shipping through the Strait of Hormuz amid growing tensions in the Middle East..