Stock futures slip as investors await more bank earnings and inflation data: Live updates

Stock futures ticked lower on Tuesday evening, as investors awaited earnings releases from several big banks and the latest wholesale inflation report.

Futures tied to the Dow Jones Industrial Average pulled back 101 points, or 0.2%, while S&P 500 futures lost 0.2%. Nasdaq 100 futures slipped nearly 0.3%.

In the regular trading session, the S&P 500 lost 0.4% and the Dow fell more than 400 points. The Nasdaq Composite outperformed, however, rising about 0.2% and posting a record close. The tech-heavy index got a boost from shares of Nvidia, which rose 4% after the company said it hopes to resume its H20 AI chip sales to China “soon.”

June's consumer inflation report weighed on markets Tuesday, with the headline figures showing a 0.3% increase on the month and a 12-month rate of 2.7%, in line with the Dow Jones consensus.

The reading has fueled some concern for Wall Street, showing the impact of President Donald Trump's tariffs as they make their way through the economy. Trump over the weekend fanned the flames of his trade war after he announced a 30% tariff on imports from Mexico and the European Union beginning Aug. 1.

“Inflation has started a slow climb as signs of tariff-induced inflation are now evident within durable and nondurable imports,” said Joe Brusuelas, chief economist at RSM U.S. “That prompts an important question: Will service and housing inflation, which is easing but still elevated, cool further to offset what will be a more pronounced increase in durable and nondurable goods?”

“Our sense is that the Federal Reserve will continue to display patience as the direction of inflation evolves,” he added.

Investors will get another inflation reading on Wednesday as June's producer price index report rolls out. Dow Jones consensus estimates call for a 0.2% increase on a month-to-month basis. Several central bank representatives will be speaking as well, including Richmond Fed President Thomas Barkin and Fed Governor Michael Barr.

On the earnings front, major banks continue to report with Bank of America, Goldman Sachs and Morgan Stanley sharing details before the bell. Results from Johnson & Johnson are also on deck.

Stocks making the biggest moves after hours

• Global Payments — Shares of the financial technology company advanced roughly 5%. The movement came after a Financial Times report that said activist investor Elliott Management added to its stake in Global Payments.
• Hancock Whitney — The bank holding company slid more than 3% in extended trading. Adjusted earnings for the second quarter came in at $1.37 per share, falling short of the FactSet consensus estimate of $1.36 per share. Net interest income landed at $279.5 million, narrowly beating analysts' call for $277.7 million.
• Omnicom Group — The marketing and sales stock gained more than 2% after second-quarter results surpassed analyst estimates on the top and bottom line. Omnicom reported earnings per share of $2.05, excluding items, on revenue of $4.02 billion. Analysts surveyed by FactSet were looking for $2.02 per share and $3.98 billion.

Stock futures are little changed

Stock futures were little changed on Tuesday evening, with investors awaiting fresh corporate earnings and inflation data.

Futures tied to the Dow Jones Industrial Average pulled back 47 points, or 0.1%, while S&P 500 futures dipped 0.1%. Nasdaq 100 futures slipped 0.1%.