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U.S. stock futures were mixed early Tuesday as investors await this week’s key inflation data and weighed fresh earnings.
Futures for the Dow Jones Industrials fell 71 points, or 0.2%, to 39,408, weighed down by a 3.1% drop in Home Depot. The home improvement retailer was under pressure after cutting its full-year sales outlook.
Futures for the S&P 500 index took on 4.5 points, or 0.1%, at 5,374.25
Futures for the NASDAQ gained 26.25 points, or 0.1%, to 18,665.75.
The producer price index — a measure of wholesale prices that’s due out at 8:30 a.m. ET — is expected to show a monthly gain of 0.2% in July, in line with the previous month’s reading, according to Dow Jones consensus estimates.
The consumer price index that’s expected out Wednesday is anticipated to show an increase of 0.2% last month, up from a 0.1% decline in the prior month. The data could give an uncertain market some direction after last week’s wild moves.
Wall Street is coming off a choppy session, which struggled to build on the comeback rally at the end of last week. The S&P 500 ended flat, eking out a gain of just 0.23 points. The NASDAQ rose 0.21%. Meanwhile, the Dow fell 0.36
In Japan, the Nikkei 225 returned after a long weekend to jump 3.5%, Hong Kong, the Hang Seng index tacked 0.4%.
Oil prices dropped 34 cents to $79.72 U.S. a barrel.
Gold prices slipped $2.30 to $2,501.70
