US Stock Futures Rise Ahead of Key Inflation Data

US stock futures rose on Tuesday, with the S&P 500 and Nasdaq 100 positioning for gains as investors awaited critical inflation data. Market participants are monitoring upcoming Consumer Price Index and Producer Price Index reports from the Bureau of Labor Statistics to gauge the likelihood of a September interest-rate hike by the Federal Reserve System.

Energy markets saw oil prices erase previous gains following signals from the Government of Pakistan that the United States and Iran are close to an arrangement to ease tensions. This diplomatic progress has shifted sentiment regarding energy market stability.

Domestic economic indicators showed positive momentum, as the National Federation of Independent Business reported that US small business optimism reached a one-year high in July. This increase was driven by easing inflation concerns and a rise in plans to add jobs. Investors are also looking toward after-hours earnings reports from Supermicro and CoreWeave Holdings Inc.