traders work on the floor of the new york stock exchange stock futures rose slightly in overnight trading as wall street looked ahead to a key inflation reading that could impact the federal reserves next rate move futures tied to the dow jones industrial average rose 70 points or 02 sp 500 futures and futures connected to the nasdaq100 added about 02 each disney gained 3 after announcing an upcoming price hike for adfree disney subscriptions wynn resorts advanced 2 on strongerthanexpected results the overnight moves followed another down session on wall street the dow jones industrial average dropped about 191 points or 054 while the sp 500 shaved off 07 and the nasdaq composite shed 117 traders are looking ahead to thursdays july consumer price index report which could offer more insight into how the central banks latest rate moves are affecting sticky prices the findings could also impact the feds next rate decision at its upcoming policy meeting in september many on wall street are hoping for more signs of disinflation through the cpi report and fridays producer price index some regional manufacturing numbers have also showed some signs of easing noted sahak manuelian head of equity trading at wedbush securities cpi and ppi friday morning we think will continue the trend lower he told cnbcs closing bell overtime on wednesday i think that really a lot of this stuff is starting to get priced into the market we see the market kind of bouncing around this 4450 4500 area having a tough time as we get through most of q2 earnings but expect to see further disinflationary forces play through along with cpi initial jobless claims and hourly earnings for july are due out thursday the tail end of earnings season continues with results from alibaba  ralph lauren and six flags 