Stock futures saw slight gains this morning as the first week of second-quarter earnings reports neared a close.
Futures contracts tied to the Dow Jones Industrial Average increased 0.13%, while S&P 500 futures climbed 0.16%, and Nasdaq-100 futures rose 0.2%.
Bank of America, Boeing, and shares of airlines, casinos, and energy names performed well during the premarket.
This morning, investors will also receive the retail sales report for June. Despite a relatively positive week of corporate earnings reports, the market remained muted.
Some believe the extra-hot inflation report could be at least partly responsible for the reaction.
“I’m not saying that this is a one-month phenomenon,” said Treasury Secretary Janet Yellen yesterday. “But I think over the medium term, we’ll see inflation decline back toward normal levels. But, of course, we have to keep a careful eye on it.”