US open: Stocks edge higher as investors wait on key data, Q2 earnings

Wall Street was trading slightly on the front foot on Tuesday as investors eyed a key inflation reading due out on the following day.

At 1552 BST, the Dow Jones Industrial Average was higher by 0.37% to 34,065.68, alongside a 0.21% gain for the S&P 500 to 4,418.16, while the Nasdaq Composite was edging up 0.15% to 13,708.06.

In parallel, West Texas Intermediate crude oil futures were climbing 1.25% to $72.24 a barrel on the NYMEX.

"Equity indices continue to cautiously regain some of last week's losses ahead of Wednesday's US inflation reading and as earnings season kicks off later in the week," said IG senior market analyst Axel Rudolph.

Rudolph also attributed the rally in oil products and natural gas to tight supply as OPEC+'s production cuts reached nearly 5.2m barrels a day.

The consumer price index for June was scheduled for release on Wednesday at 1330 BST, while the producer price index was due on Thursday.

On the corporate front, Microsoft was in the headlines after the software giant announced fresh job cuts via an internal e-mail to staff.

Boeing shares were little changed despite announcing 135 new commercial airliner deliveries during the second quarter for a year-to-date total of 266.

Worth noting, the second-quarter earnings season was set to kick off at the end of the same week, with results due from the likes of JPMorgan, Citigroup and Wells Fargo, among others, on Friday.

Dow Jones - Risers

Salesforce.Com Inc. (CRM) $219.25 3.03%
3M Co. (MMM) $99.94 2.83%
Caterpillar Inc. (CAT) $253.40 1.84%
American Express Co. (AXP) $173.24 0.89%
Walt Disney Co. (DIS) $88.86 0.87%
Dow Chemical Co. (DOW) $53.70 0.81%
Walgreens Boots Alliance, Inc. (WBA) $30.02 0.78%
Travelers Company Inc. (TRV) $170.19 0.66%
Cisco Systems Inc. (CSCO) $51.74 0.66%
JP Morgan Chase & Co. (JPM) $146.05 0.62%

Dow Jones - Fallers

Microsoft Corp. (MSFT) $328.69 -0.95%
Boeing Co. (BA) $211.94 -0.64%
Intel Corp. (INTC) $32.58 -0.50%
Apple Inc. (AAPL) $187.83 -0.41%
Verizon Communications Inc. (VZ) $35.04 -0.28%
Merck & Co. Inc. (MRK) $109.74 -0.20%
Goldman Sachs Group Inc. (GS) $315.98 -0.15%
Amgen Inc. (AMGN) $224.45 -0.12%
Walmart Inc. (WMT) $154.69 -0.12%
Procter & Gamble Co. (PG) $148.75 -0.07%

S&P 500 - Risers

HP Inc (HPQ) $32.93 4.41%
Salesforce.Com Inc. (CRM) $219.25 3.03%
CenturyLink Inc. (LUMN) $2.12 2.99%
Hanesbrands Inc. (HBI) $4.66 2.87%
3M Co. (MMM) $99.94 2.83%
Apache Corp. (APA) $36.02 2.68%
VF Corp. (VFC) $19.05 2.34%
Gap Inc. (GPS) $9.28 2.32%
Halliburton Co. (HAL) $36.76 2.11%
National Oilwell Varco Inc. (NOV) $17.47 2.09%

S&P 500 - Fallers

VeriSign Inc. (VRSN) $216.34 -3.89%
Netflix Inc. (NFLX) $431.62 -2.28%
Advanced Micro Devices Inc. (AMD) $111.13 -2.16%
Applied Materials Inc. (AMAT) $138.04 -1.79%
Carnival Corp. (CCL) $18.95 -1.79%
Lam Research Corp. (LRCX) $617.22 -1.66%
Mondelez International Inc. (MDLZ) $71.07 -1.44%
Cadence Design Systems Inc. (CDNS) $231.20 -1.37%
KLA-Tencor Corp. (KLAC) $461.78 -1.26%
Eli Lilly and Company (LLY) $447.71 -1.20%

Nasdaq 100 - Risers

Qurate Retail Inc. (QRTEA) $1.13 4.17%
Sirius XM Holdings Inc (SIRI) $4.69 1.74%
DENTSPLY Sirona Inc. (XRAY) $40.23 1.64%
NetEase Inc. Ads (NTES) $98.95 1.63%
Amazon.Com Inc. (AMZN) $129.11 1.56%
eBay Inc. (EBAY) $46.31 1.40%
O'Reilly Automotive Inc. (ORLY) $972.59 1.20%
PACCAR Inc. (PCAR) $85.57 1.14%
Dish Network Corp. (DISH) $7.16 1.13%
Charter Communications Inc. (CHTR) $376.70 1.12%

Nasdaq 100 - Fallers

Netflix Inc. (NFLX) $431.62 -2.28%
Applied Materials Inc. (AMAT) $138.04 -1.79%
Lam Research Corp. (LRCX) $617.22 -1.66%
Mondelez International Inc. (MDLZ) $71.07 -1.44%
Cadence Design Systems Inc. (CDNS) $231.20 -1.37%
KLA-Tencor Corp. (KLAC) $461.78 -1.26%
Synopsys Inc. (SNPS) $440.58 -1.15%
Asml Holdings N.V. (ASML) $701.83 -1.13%
Workday, Inc. (WDAY) $220.16 -1.00%
QUALCOMM Inc. (QCOM) $116.00 -0.96%