Traders
on
the
floor
of
the
New
York
Stock
Exchange
on
April
14,
2022.
Source:
NYSE
Stock
futures
ticked
lower
on
Tuesday
evening
as
investors
looked
ahead
to
a
key
inflation
report
due
later
this
week.
Futures
tied
to
the
Dow
Jones
Industrial
Average
slipped
40
points,
or
0.1%.
S&P
500
futures
pulled
back
0.04%,
while
Nasdaq
100
futures
slid
0.09%.
In
after-hours
trading,
online
marketplace
eBay
jumped
more
than
3%
after
announcing
that
it
was
raising
its
quarterly
dividend
and
would
spend
an
additional
$2
billion
on
buybacks.
Urban
Outfitters
lost
10%
after
missing
estimates
on
the
top
and
bottom
lines
in
the
fourth
quarter.
In
Tuesday’s
regular
session,
the
S&P
500
and
the
Nasdaq
Composite
ended
the
day
with
small
gains,
up
0.17%
and
0.37%,
respectively.
The
30-stock
Dow
fell
for
a
second
straight
day,
off
by
0.25%.
The
S&P
500
and
the
Dow
are
off
the
highs
they
just
notched
late
last
week,
but
investors
may
want
to
think
twice
before
they
aggressively
ramp
up
on
equities.
“I
just
don’t
think
you
chase
at
this
point,”
Drew
Pettit,
director
of
U.S.
equity
strategy
at
Citi,
said
on
CNBC’s
“Closing
Bell:
Overtime.”
“A
lot
of
good
news
is
getting
priced
in
–
we
are
actually
trading
up
even
though
the
reporting
season
really
hasn’t
been
great;
we
really
haven’t
had
a
lot
of
broad
beats
and
broad
raises.”
“Enjoy
the
ride
in
equities
right
now,”
he
added.
“Just
wait
for
a
better
time
if
you
want
to
be
more
aggressive.”
On
Wednesday,
investors
will
look
to
earnings
results
from
retailer
TJX
Cos.
and
pharmaceutical
company
Viatris
in
the
morning.
Salesforce
will
post
its
quarterly
numbers
after
the
close.
On
the
economic
front,
investors
will
look
for
wholesale
inventories
data
Wednesday.
However,
the
personal
consumption
expenditure
reading
for
January
will
be
the
main
event
on
Thursday,
as
it’s
the
Federal
Reserve’s
preferred
measure
of
inflation.
