Futures Static Ahead of July Inflation Report

Stock futures traded little changed early Tuesday, as investors prepare for a fresh inflation report.
Futures for the Dow Jones Industrials fell back seven points to 44,077.
Futures for the S&P 500 dipped 0.25 points to 6,399.50
Futures for the NASDAQ slid 8.25 points, or 0.1%, to 23,629.25.
Shares of Circle Internet Group jumped 7% on Tuesday morning after releasing its first quarterly earnings report as a publicly listed company.
Shares of Hanesbrands surged nearly 30% after The Financial Times reported that the T-shirt maker was nearing a deal to be acquired by Gildan Activewear for nearly $5 billion.
Gildan shares slid 7%.
Investors are focused on the July consumer price index report, hoping to gather potential insight into how the Federal Reserve will handle short-term interest rates, especially as the S&P 500 hovers near an all-time high.
Economists polled by Dow Jones expect the index to advance 0.2% month-over-month in July, and 2.8% on an annualized basis. So-called core CPI, which strips out food and energy from the reading, is expected to climb 0.3% month-over-month and 3% year over year.
The report comes as traders weigh the latest developments on the tariff front. President Donald Trump said Monday he’d extend a 90-day pause on higher levies on Chinese goods.
In Japan, the Nikkei 225 returned from a long weekend to rocket 2.2%, to a new all-time high, while in Hong Kong, the Hang Seng gained 0.3%.
Oil prices hesitated eight cents to $63.88 U.S. a barrel.
Gold prices dipped $11.60 at $3,393.10 U.S. per ounce.