On Tuesday, Nasdaq futures experienced a decline, following the previous day’s record highs for the S&P 500 and Dow Jones Industrial Average. Investors are now anticipating a consumer inflation report and the quarterly results from JPMorgan. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average indicated declines of 0.3%, 0.1%, and 0.1%, respectively. Yesterday, investors dismissed the news of a Justice Department investigation into Federal Reserve Chair Jerome Powell, as the S&P 500 and Dow reached new intraday and closing highs, while the tech-heavy Nasdaq also concluded the day with gains.

A report on inflation at 8:30 a.m. is expected to indicate that the Consumer Price Index increased by 2.7% year-over-year in December, maintaining the same annual rate as in November, as per a survey of economists. Meanwhile, core prices, which exclude volatile food and energy prices, are anticipated to have increased by 2.8% over the past 12 months, a rise from 2.6% in November. If forecasts are accurate, this would indicate a rise in inflationary pressures following an unexpected slowdown in November. Inflation has consistently exceeded the Federal Reserve’s target of a 2% annual rate since 2021, with recent months witnessing an uptick attributed to President Donald Trump’s tariff campaign.

Investors will be closely monitoring the fiscal 2025 fourth-quarter results from JPMorgan Chase, marking the commencement of bank earnings season. Despite favorable outcomes in the previous quarter, JPMorgan CEO Jamie Dimon cautioned that the U.S. economy is encountering a “heightened degree of uncertainty.” Bank stocks experienced a decline yesterday following President Donald Trump’s weekend proposal to impose a cap on credit card interest rates at 10%. However, they generally showed an uptick in premarket trading. Delta Air Lines experienced a 5% decline in stock value prior to market opening, as its fiscal 2026 profit forecast did not meet anticipated levels.

Gold futures, viewed as a safe haven amid market volatility, declined 0.4% to $4,595 an ounce following a record high of $4,640 an ounce on Monday. Silver futures, having reached a new all-time high of $86.34 an ounce yesterday, experienced an increase of 0.6%, bringing the price to $85.60 an ounce. West Texas Intermediate futures, the U.S. crude oil benchmark, increased by 1.5% to $60.35 a barrel following President Trump’s announcement that any country engaging in business with Iran would incur a 25% U.S. tariff. The 10-year Treasury yield increased to 4.20% from Monday’s closing figure of over 4.18%. Bitcoin was trading around 92,100, up from the day’s low of roughly 90,900, while the U.S. dollar index increased by 0.1% to 98.97.