Focus Shifts to Upcoming US CPI and PPI Releases

On Tuesday, US stock futures rose as investors weighed Fed policy expectations and awaited crucial inflation data and earnings reports. On Monday, the S&P 500 and Nasdaq edged up by 0.1% and 0.28%, closing at record highs, while the Dow dipped 0.08%. US consumers' one-year inflation expectations declined to 3% in June from 3.2% in May. Focus shifts to upcoming US CPI and PPI releases, Fed Chair Powell's testimony, and earnings reports from PepsiCo and Delta on Thursday, followed by Citigroup and JPMorgan on Friday.

The Nasdaq, continuing its upward trend, faces its initial resistance at 20,900. Above this level, subsequent resistances to monitor are 21,200 and 21,400. On the downside, the first support is at 20,660. Below this level, subsequent supports to watch are 20,200 and 19,950.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
21,400	21,200	20,900	20,660	20,200	19,950