FX.co ★ US Futures Dip Ahead of Key Earnings and Inflation Data

U.S. stock futures dipped on Tuesday as investors exercised caution in anticipation of major bank earnings reports and a significant inflation report. Key financial institutions, including JPMorgan Chase, Wells Fargo, and Citigroup, are scheduled to release their quarterly results, which are expected to provide valuable insights into the health of the financial sector. Investors are also keenly awaiting the June consumer price index, a key indicator that could illuminate the inflationary effects of President Donald Trump’s tariff policies. This data is crucial for shaping expectations regarding future interest rate decisions. Adding to the market's apprehension, geopolitical tensions rose after President Trump threatened to impose a 100% secondary tariff on Russia unless a peace agreement with Ukraine is reached within 50 days. On Monday, Wall Street experienced modest gains, with the Dow Jones Industrial Average increasing by 0.2%, the S&P 500 by 0.14%, and the Nasdaq Composite by 0.27%. Seven out of the 11 sectors within the S&P 500 exhibited upward movement, led by gains in communication services, real estate, and financials.