Wall Street Steady Amid Retail Sales Anticipation and Corporate Earnings

Wall Street futures held steady after significant gains, as markets look to retail sales data and corporate earnings. The Dow hit a record close, driven by expectations for a Federal Reserve rate cut and potential second term for Donald Trump. Retail sales and geopolitical risks remain key focus points.

Wall Street futures remained steady on Tuesday following a robust rally the previous session. Market attention now turns to retail sales figures and a series of corporate earnings reports.

The Dow Jones Industrial Average reached a record closing high on Monday, bolstered by investor optimism regarding a potential Federal Reserve interest-rate cut in September and a second term for presidential candidate Donald Trump after a recent assassination attempt.

June retail sales are projected to decline by 0.3%, although core retail prices are expected to remain unchanged. Federal Reserve Chairman Jerome Powell's comments have fueled speculation of an upcoming rate cut, enhancing market confidence.