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Dow Jones Futures: Inflation Data, Nvidia Earnings Due; Robinhood In Buy Area

U.S. stock index futures showed modest, mixed movements ahead of key economic catalysts and corporate earnings reports. Dow Jones futures ticked slightly higher, while S&P 500 futures and Nasdaq-100 futures dipped 0.1% and 0.2% respectively. Investor focus is primarily fixed on the imminent release of the Federal Reserve's preferred inflation metric, the core personal consumption expenditures (PCE) price index, which is projected to tick lower to 3.6% year-over-year. During Tuesday's regular session, major indexes recorded modest advances as market sentiment was supported by falling energy prices and easing Treasury yields. The Dow Jones Industrial Average gained 0.3%, marking its third consecutive winning session, while the S&P 500 rose 0.3% and the Nasdaq Composite added 0.7%. Benchmark 10-year Treasury yields dropped 6.5 basis points to 4.64%, while crude oil dropped 3.1% to $82.36 per barrel amid geopolitical developments in the Strait of Hormuz. Market participants remain cautious as mega-cap tech earnings loom, led by Nvidia, Salesforce, and CrowdStrike. Broader market indexes remain trapped in a multi-week consolidation range, requiring traders to stay selective as sector rotation persists across equities.

Category

Wall Street 30

Sentiment

Mixed

Event

Market commentary

Reading time

1 min