S&P 500 futures advance as June inflation data misses, banks open earnings season
NEW YORK, Tuesday. S&P 500 futures moved higher after June inflation figures came in below expectations and earnings season opened with the banks. Jim Cramer included both developments on his list of the top 10 things to watch in Tuesday's session.
Key takeaways
- S&P 500 futures rose after June inflation data came in below expectations.
- June inflation figures fell short of forecasts, which lifted S&P 500 futures.
- Earnings season opened Tuesday with bank results reporting first.
- Jim Cramer listed both the soft inflation print and the bank earnings among his top 10 things to watch Tuesday.
- The softer inflation reading and bank earnings acted as dual catalysts moving futures ahead of Tuesday's open.
NEW YORK, Tuesday. S&P 500 futures moved higher after June inflation figures came in below expectations and earnings season opened with the banks. Jim Cramer included both developments on his list of the top 10 things to watch in Tuesday's session.
June inflation data comes in soft
June inflation figures fell short of forecasts, the report shows, and S&P 500 futures climbed on the result. Cramer ranked the weaker-than-expected reading among the most important items for the session. Both the softer print and the bank earnings reports landed together as the dual catalysts moving futures ahead of Tuesday's open.
Banks open earnings season
Earnings season got underway with bank results as of Tuesday, according to the report. Cramer tracked the bank reports alongside the inflation data as the session's primary market movers. Both developments appeared on his Tuesday watch list of 10 market items.