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Wall Street Remains Cautious As Corporate Earnings And Inflation Data Loom

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Feb. 27, 2024. Asian shares retreated on Tuesday after U.S. stock

Wall Street saw little change early Tuesday as more corporate earnings were reported ahead of new data on inflation expected later in the week. Futures for the S&P 500 rose by 0.2% before the bell, while Dow Jones Industrial Average futures inched up by 0.1%. Traders appeared cautious following the recent tech-driven buying spree that led to a New Year's rally across global markets.

Investors are taking a breather at the start of the week, with a subdued tone indicating a moderation in sentiment. Earnings reporting season for major S&P 500 companies is winding down, but this week will see updates from key players that could shed light on U.S. household spending trends, a significant driver of the robust U.S. economy.

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