Stock Market Update

The stock market is poised for a modestly higher start, with the S&P 500 futures currently trading 14 points above fair value. 

There are no consequential economic data releases today, but this week's slate features several influential metrics, including July CPI tomorrow, July PPI on Thursday, and July Retail Sales, July Industrial Production, and the preliminary University of Michigan Consumer Sentiment for August on Friday. 

Tuesday's July CPI release is set to be a headline maker as companies wrestle with increased import prices in a higher-tariff environment, though some analysts believe that the data will not reflect the full impact of tariff-related inflation as many companies have scrambled to frontload inventory ahead of the increased rates.