U.S. stock futures traded in mixed territory early Tuesday as investors braced for a critical inflation report due Wednesday and geopolitical tensions around the Strait of Hormuz kept pressure on sentiment.
As of 4:00 a.m. ET, Nasdaq and Russell 2000 futures rose 0.1%, Dow futures slipped 0.1%, and S&P 500 futures were flat with a slight negative bias heading into the session.
Retail sentiment on Stocktwits declined to “neutral” on the SPDR S&P 500 ETF (SPY) from “bullish” a day ago, while sentiment on the Invesco QQQ Trust (QQQ) dropped to “extremely bearish” from “bearish.”
July consumer price index data is due Wednesday, followed by producer price inflation on Thursday and retail sales data on Friday, making it a consequential stretch for markets.
Cleveland Fed President Beth Hammack stated Monday that she does not see inflation returning to the 2% target on its own, warning it could take more than one rate hike to bring it down.
Tehran insists shipping through the Strait of Hormuz will not normalize until U.S. sanctions and asset freezes are lifted, even as President Donald Trump hardened his stance on Iran regarding compensation in future talks.
Nvidia (NVDA) CEO Jensen Huang labeled AI data centers “investable assets” after partnering with Apollo, BlackRock, Blackstone, and KKR to mobilize over $500 billion in private capital.
Intel Corp (INTC) shares rose nearly 1% in early premarket trading on reports the company is upsizing its planned share sale to roughly $20 billion.
Riot Platforms (RIOT) stock soared 21% in early premarket trade after reports it secured a $9.1 billion deal to supply computing power to AI startup Anthropic.
AST SpaceMobile (ASTS) shares extended their selloff despite the company reaffirming its target to approach $1 billion in revenue in its first year of commercial service.
Rocket Lab (RKLB) shares fell 9% in early premarket trading following Q2 results that included a revenue beat, with management flagging a “very limited supply” of Neutron rockets and the need to be selective about deployment.
SpaceX (SPCX) shares were down over 1% in early premarket trade following lockup expiration pressures, though billionaire investor Ron Baron believes SpaceX could eventually deliver a 40x upside.
Fermi LLC (FRMI) surged 20% in early premarket trade after announcing its first binding customer lease at its Texas campus, with cloud provider TensorWave committing to a $6.5 billion lease.
Hims and Hers Health (HIMS) shares fell 7% in early premarket trade despite the company raising its FY26 guidance, as investors focused on margin pressure and an $86 million net loss.
Strategy (MSTR) is trending on retail radar after filings revealed $108.6 million in Bitcoin sales, adding to the broader crypto market conversation heading into the inflation data week.
