U.S. Stock Futures Mixed as Markets Await June CPI, Warsh's Congressional Debut, and Bank Earnings on Tuesday

According to Fed Governor Christopher Waller, U.S. stock futures traded mixed early Tuesday as markets braced for the June CPI print at 8:30 a.m. ET. Fed Chair Kevin Warsh will deliver his first semiannual Monetary Policy Report to Congress at 10:00 a.m. ET. Five of the six largest U.S. banks—JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs—are set to report earnings before the opening bell.

Waller warned on Monday that a hot inflation reading could put rate hikes back on the table. Oil prices rose following a third consecutive night of U.S. airstrikes against Iran near the Strait of Hormuz, while spot gold hovered around $4,000 per ounce. As of 4:00 a.m. ET, Nasdaq futures were up 0.3%, Dow futures down 0.2%, and S&P 500 futures were flat.