US stock futures edged higher on Tuesday as investors brace for crucial inflation reports this week that could shape expectations for Federal Reserve policy. The December producer inflation report is set for release later today, followed by the consumer inflation report on Wednesday. Markets are also gearing up for the start of earnings season, with major banks such as JPMorgan Chase, Citigroup, and Goldman Sachs scheduled to release their latest results this week. In Monday’s regular trading, the Dow and S&P 500 gained 0.86% and 0.16%, respectively, while the Nasdaq Composite declined by 0.38%. The shifts came as investors rotated out of megacap tech stocks and into energy, materials, and healthcare sectors. The rise in bond yields, particularly the 10-year Treasury yield hitting its highest level since November 2023, put additional pressure on growth stocks.
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