CPI, Earnings Season Cap Wall Street Pre-Bell; Asia Rallies, Europe Off

06:17 AM EST, 01/13/2026 (MT Newswires) -- Wall Street futures pointed modestly lower pre-bell Tuesday as traders awaited the latest national inflation report, and the start of the earnings season.

Financial giants JP Morgan Chase (JPM) and Bank of New York Mellon (BK) report quarterly financials pre-bell, along with Delta Air Lines (DAL), among others.

The consumer price index (CPI) for December posts at 8:30 am ET in Washington, providing clues to the stance of the Federal Reserve. The pundits' consensus is for a 2.7% year-on-year gain on the CPI-core, and gauge that strips out food and energy.

In the futures, the S&P 500 fell 0.2%, the Nasdaq declined 0.3% and the Dow Jones was off 0.1%.

Asian exchanges traded mostly higher overnight, led by a 3.1% surge in Tokyo to a fresh all-time zenith on the Nikkei 225 index. The regional MSCI AC Asia Pacific Index also struck a an all-time record high.

European bourses edged lower midday on the continent.

On the economic calendar, in addition to the CPI release, is the new home sales bulletins for September and October, at 10 am ET.

Federal Reserve St. Louis President Alberto Musalem and Richmond President Tom Barkin speak on Tuesday.

In pre-market action, Bitcoin traded at $92,178, West Texas Intermediate crude oil traded higher at $61.958, and 10-year US Treasuries offered 4.19%. Spot gold traded for $4,595 an ounce.

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