US stocks dipped ahead of the bell on Tuesday, as investors waited for Apple's highly anticipated fall event to kick off and counted down to key inflation data on Wednesday.
S&P 500 (^GSPC) futures led the retreat, down around 0.2%, while those on the Dow Jones Industrial Average (^DJI) dropped about 0.1%, after all three major gauges closed with solid gains. Nasdaq 100 futures fell about 0.2%, amid a tumble in Oracle (ORCL) shares after the software maker posted slowing cloud sales growth.
Tech stocks will take center stage on Tuesday, with Apple (AAPL) is expected to launch the iPhone 15 at its highly anticipated fall event, and as anticipation builds for the blockbuster Arm IPO. The chip designer will close its order book early, by Tuesday afternoon, the listing is up to 10 times oversubscribed, reports said.
Meanwhile, investors are gearing up for Wednesday's crucial US consumer inflation print, as they watch for signs of a slowdown in spending. Thursday will bring more insight into households' resilience when the August retail sales report is released.
This week's clutch of economic data will be weighed for their potential to influence the Federal Reserve at its upcoming September meeting. Investors are assessing whether more interest-rate hikes remain on the table, and if so, whether they've been priced into the stock market.
Read the latest financial and business news from Yahoo Finance
