U.S. stock index futures were mixed in morning trading Tuesday as the market awaits key inflation data later this week.
Futures for the Dow Jones Industrials gained 50 points, or 0.1%, to 35,019.
Futures for the S&P 500 lost 0.25 points to 4,475.50
Futures for the NASDAQ deducted 22.5 points, or 0.2%, to 14,537.
In early news, Peloton shares fell 2.8% pre-market after the interactive fitness company said it will slash 2,800 jobs in a restructuring effort that will see CEO John Foley step down and transition to executive chair.
Elsewhere, Harley Davidson jumped 6% after the company reported a surprise profit for the fourth quarter.
Also, Pfizer shares tumbled 4% after the drugmaker’s fourth-quarter revenue came in lower than Wall Street analysts expected. The company’s full-year earnings guidance also disappointed.
Shares of Snap fell 3.5% after the social media company announced a new debt offering.
Earnings season continues Tuesday with Pfizer, Harley-Davidson, Lyft, Chipotle and Yum China among the names set to post quarterly results.
As of Monday afternoon, 281 S&P 500 components have reported, with 78% exceeding earnings estimates and 77% topping revenue expectations,
On the economic calendar, investors will get a look at December’s trade balance, with a Dow Jones survey pointing to an $82.8-billion shortfall, which would be a record.
Overseas, in Japan, the Nikkei 225 pushed up 0.1% Tuesday, while in Hong Kong, the Hang Seng slumped 1%.
Oil prices fell $1.72 to $89.60 U.S. a barrel.
Gold prices forfeited two dollars to $1,819.80 U.S. an ounce.