Investing.com -- Futures hover around the flatline on Tuesday after last week's artificial intelligence-powered rally showed signs of slowing in the previous session. Lowe's (NYSE:LOW) is due to report its quarterly earnings, with investors keen to find out how the home improvement retailer is navigating a pullback in spending by inflation-squeezed shoppers. Elsewhere, Bitcoin hits the $57,000 mark and Disney announces a shake-up at its live action movie studios unit.
1. Futures subdued
Stock futures on Wall Street were subdued on Tuesday, as traders looked ahead to key economic data this week and a fresh slate of corporate earnings.
By 03:13 ET (08:13 GMT), the Dow futures contract, S&P 500 futures, and Nasdaq 100 futures were all mostly unchanged.
The main averages ended the prior session slightly lower, in a sign that an AI-fueled rally in equities last week was losing some steam. The benchmark S&P 500 dipped by 0.4%, the tech-heavy Nasdaq Composite shed 0.1%, and the blue chip Dow Jones Industrial Average fell by 0.2%.
Weighing on sentiment on Monday were comments from Kansas City Federal Reserve Bank President Jeffrey Schmid, who was giving his first policy speech since starting in the role last August. Schmid was the latest Fed official to stress that there is no rush to «preemptively» bring interest rates down from more than two-decade highs due to sticky inflation.
Fed policymakers and markets alike will have more economic data to pour through in the coming days. Updated fourth-quarter U.S. gross domestic product figures are scheduled to be released on Wednesday, while the personal consumption expenditures price index — a key inflation gauge — is set to be published on Thursday.
2. Lowe's highlights earnings
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