US stock futures were mixed on Tuesday morning as markets awaited a key consumer inflation report and monitored rising oil prices amid renewed US-Iran tensions. Dow Jones Industrial Average futures slipped 0.3% and S&P 500 futures declined 0.2%, while Nasdaq 100 futures rose 0.2%. Investors are looking to the Consumer Price Index report for June, with economists expecting inflation to have cooled, though bond traders have increased bets on a Federal Reserve rate hike at the July 28-29 meeting. Oil prices edged higher after Brent crude futures notched their biggest single-day jump in years on Monday, as the US plans to enforce a blockade of the Strait of Hormuz and charge a 20% fee on all cargo crossing the waterway. Second-quarter earnings reports are due from JPMorgan, Bank of America, Wells Fargo, Citigroup, and Goldman Sachs, with analysts expecting one of the strongest quarters ever for the big Wall Street banks.
Bank of America Corp
Goldman Sachs Group Inc
Wells Fargo & Company
Citigroup Inc.
JPMorgan Chase & Co
SK Hynix Inc