Market focus turns to inflation at 8:30 a.m. ET with September CPI. Analysts expect a 0.6% headline monthly rise. Chip equipment maker ASML and more big banks report, as well.
Banks might set the tone today as several report earnings a day before CPI data that could influence the Fed. Monday's session was light with bonds closed.
Major banks kick off third quarter earnings season this week as markets grapple with elevated Treasury yields, energy supply disruptions, and ongoing geopolitical tensions.
Major indexes reached record highs, but momentum divergences and defensive rotation suggest a more cautious backdrop. Oil prices and Treasury yields remain key variables.
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