U.S. stock futures are mixed as investors await inflation data and corporate earnings report.
Before the open, investors will parse June inflation data to look for signs President Donald Trump’s tariffs are fueling higher prices for consumers. Economists, on average, expect annual inflaion up 2.7%, according to Dow Jones. The so-called core rate that excludes food and energy is expected to rise 3%. Those compare to May’s 2.4% overall increase and 2.8% core gain.
“Inflation pressures have remained muted so far, but tariffs will eventually feed through pushing prints higher and creating some discomfort for the Fed,” said Seema Shah, chief global strategist at Principal Asset Management. The Federal Reserve’s next policy meeting is at the end of the month, but almost no one expects the Fed to lower rates.
Investors will also see the start of earnings season, with JPMorgan Chase, Wells Fargo and Citigroup among the big banks slated to report before the opening bell. The bar for earnings have dropped since the beginning of the year, before President Donald Trump’s tariff plan. It is expected to be the weakest earnings season since mid-2023.
AT 6:20 a.m. ET, futures tied to the blue-chip Dow slipped -0.05%, while broad S&P 500 futures added 0.37% and tech-heavy Nasdaq futures rose 0.59%.
Corporate news
The Trade Desk will join the S&P 500 before trading opens on Friday, July 18, according to S&P Dow Jones Indices.
Nvidia plans to sell its H20 GPU again. “The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,” it said in a blog post.
Cryptocurrency
MicroStrategy said in a regulatory filing it acquired 4,225 Bitcoin between July 7 and July 13 at an average price of $111,827 per coin, or $472.5 million total.
Bitcoin has climbed to successive record highs over the past week.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
This article originally appeared on USA TODAY: US stock futures mixed as investors await CPI report
