Stock market today: Dow, S&P 500, Nasdaq futures mixed as traders lift Fed rate hike bets ahead of key inflation data

US stock futures wavered on Tuesday morning as markets awaited a key consumer inflation report , recalibrated bets on the AI trade, and monitored rising oil prices amid the renewed US-Iran war.

Contracts on the Dow Jones Industrial Average ( YM=F ) slipped 0.3% in premarket trading, while those on the S&P 500 ( ES=F ) declined 0.2%. Futures on the Nasdaq 100 (NQ=F) rose 0.2%.

Investors awaited the Consumer Price Index report at 8:30 a.m. ET for a key read of the inflation situation. Economists expect consumer price inflation cooled in June; however, that has not deterred bond traders from increasing their bets that the Federal Reserve will hike interest rates at its July 28-29 meeting.

A combination of rate-hike speculation, capex spending concerns, and profit-taking has put AI chip stocks on the back foot, with newly listed US shares of South Korea's SK Hynix ( SKHY ) dropping further after a successful US IPO on Friday.

Oil prices, meanwhile, edged higher after Brent crude futures ( BZ=F ) notched their biggest single-day jump in years on Monday. The US plans to begin enforcing a blockade of the Strait of Hormuz on Tuesday afternoon and charge a 20% fee on all cargo crossing the waterway, reviving concerns that an energy shock could flow through to core inflation.

On the earnings docket this morning are a series of second quarter reports from JPMorgan ( JPM ), Bank of America ( BAC ), Wells Fargo ( WFC ), Citigroup ( C ), and Goldman Sachs ( GS ). Expectations are high : Analysts are expecting the big Wall Street banks to post one of their strongest quarters ever.

Sinergia Empresarial continuará el seguimiento de esta información sobre stock market today: Dow, S&P 500, Nasdaq futures mixed as traders lift Fed rate hike bets ahead of key inflation data y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.