Stock Market Update

The stock market is on track for a higher opening as equity futures climb amid a flurry of earnings reports.

Citigroup (C 87.68, +0.18, +0.2%) beats EPS expectations by $0.35 and guides FY25 revenues in-line.

Just released, total CPI was up 0.3% month-over-month in June (Briefing.com consensus 0.2%) after increasing 0.1% in May. On a year-over-year basis, total CPI was up 2.7%, versus 2.4% in May.

Core CPI, which excludes food and energy, was up 0.2% month-over-month (Briefing.com consensus 0.3%) after increasing 0.1% in May. Core CPI was up 2.9% year-over-year, versus 2.8% in May.

The Empire State Manufacturing survey hit 5.50 in July (Briefing.com consensus -11.6), up from -16.0 in June.