Stock Market Today: Dow Climbs, Nasdaq Slips as Traders Dump Chips Before CPI Report

TLDR Dow futures rose about 0.4% on Tuesday, while Nasdaq-100 futures fell about 0.4% and S&P 500 futures were flat. Investors are moving money out of chip and tech hardware stocks and into financials and industrials. The Consumer Price Index report is due at 8:30 a.m. Eastern time. Economists expect prices to rise 0.3% from a month earlier. Traders see about an 80% chance of a Federal Reserve rate hike in December. CoreWeave, D-Wave Quantum and Rigetti Computing report earnings after the bell. US stock futures were mixed on Tuesday morning as investors waited for a key inflation report. Dow futures moved higher, while Nasdaq-100 futures moved lower. Dow Jones Industrial Average futures rose about 0.4%, or roughly 190 points. S&P 500 futures were close to flat.

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