a trader works at the new york stock exchange nyse in new york june 13 2022 the moves come after the sp 500 and nasdaq fell for a third straight day on tuesday  the nasdaq composite led the declines falling 119 after micron  novavax and upstart warned that future earnings and revenue may come in lower than previously thought the sp 500 fell 042 and the dow jones industrial average shed 018 dow jones industrial average futures rose by 20 points or 006 sp 500 and nasdaq 100 futures climbed 005 and 009 respectively stock futures rose tuesday as investors looked ahead to a key inflation report set to be released wednesday investors are awaiting the latest consumer price index report which could confirm or dash hopes that rising prices have leveled off economists expect the report to show that inflation has cooled slightly led by slipping oil prices in terms of reactions the market will initially get more excited by a downside core cpi surprise than an upside surprise especially as it relates to risk appetite alan ruskin of deutsche bank wrote in a tuesday note a downside surprise plays to hopes that an oilfood commodities peak plus slower demand will filter quickly into us inflation data the federal reserve will weigh the report along with other key economic data ahead of its september meeting where it is slated to hike interest rates again earnings season also continues with disneys quarterly results due after the bell wednesday