Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on August 8, 2024.
Spencer Pratt | Getty Images
U.S. stock futures were mixed early Tuesday as investors awaited this week’s key inflation readings and weighed fresh profits.
S&P 500 futures and Nasdaq 100 futures rose 0.4% and 0.5%, respectively. Dow Jones Industrial Average futures rose 46 points, or 0.1%.
Stock Home Depot The home improvement retailer’s stock price fell 2%. Lowers full-year sales forecast. Starbucks The stock price soared by more than 10%. The Wall Street Journal reported. The coffee chain has named current Chipotle CEO Brian Niccol as its next CEO. chipotle pepper It fell by more than 9%.
The producer price index, a measure of wholesale prices, due to be released at 8:30 a.m. ET, is expected to show a 0.2% increase in July from the previous month, consistent with the previous month, according to Dow Jones consensus estimates.
The consumer price index, due to be released on Wednesday, is expected to rise 0.2% after falling 0.1% last month, data that could provide some direction to uncertain markets after last week’s turbulent times.
“The market was a little bit oversold last week, but not oversold as measured by things like the percentage of stocks above their 50-day moving averages, which means we didn’t see a true flash,” Cameron Dawson, investment director at NewEdge Wealth, said Monday on CNBC’s “Closing Bell.”
Wall Street ended a choppy session, failing to continue last weekend’s comeback rally. S&P 500 The increase was only 0.23 points, remaining flat. Nasdaq Composite Index It rose 0.21%. Dow Jones Industrial Average It fell 0.36%.
