US stock futures dipped on Tuesday as investors awaited the crucial December consumer price index (CPI) report, expected to show steady inflation. The data is key for the Federal Reserve’s interest rate decisions.
Earnings season kicked off with JPMorgan missing profit expectations due to a $2.2 billion hit related to its Apple Card deal, though shares inched higher. Other major banks are set to report later this week.
Market sentiment was also weighed down by geopolitical tensions, including President Trump’s threat of new tariffs on countries trading with Iran. Meanwhile, gold prices hovered near record highs amid concerns regarding the independence of the Federal Reserve following a Justice Department probe into Chairman Jerome Powell.
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