U.S. stock futures were mostly higher on Tuesday as Wall Street prepared for key inflation data. Futures tied to the S&P 500 (ES=F) rose 0.2%, while futures tied to the tech-heavy Nasdaq (NQ=F) rose 0.3%. Dow Jones Industrial Average (YM=F) futures hovered just below flat.
Investors are awaiting a slew of economic data this week. The data starts with the latest reading on consumer prices, due out Wednesday morning. That’s followed by retail sales for July, a leading indicator of U.S. consumer health, on Thursday.
Wall Street is coming off an unusually dull day after more than a week of volatility. The S&P 500 and Nasdaq on Monday continued to slowly recover to the highs they hit before a three-day selloff erased much of the gains they had made since the start of the year.
Home Depot (HD) was the headline name on Tuesday’s earnings calendar. Shares of the home improvement company fell after it lowered its forecast for comparable-store sales for the rest of the year.
Among other individual stocks, Nvidia (NVDA) gained more than 1% in premarket trading, building on a 4% gain on Monday that analysts at Bank of America called the “best recovery stock.”
Trump Media Inc. (DJT) shares fell another 3% after former President Donald Trump returned to the X platform and participated in a live event with CEO Elon Musk. Shares are near all-time lows since the company’s Nasdaq debut in March.
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