Dow futures tick lower after closing at record, market awaits key inflation data By

© Reuters. – Monday evening saw a minor dip in stock futures as investors braced for a significant inflation report set to be released.

By 6:50 pm ET (11:50 pm GMT) and ticked 0.1% lower while dipped 0.2%.

In extended deals, ZoomInfo Technologies Inc (NASDAQ:) surged 22.9% after EPS of $0.26 versus $0.25 expected on revenues of $316.4 million versus $310.68 million expected. The company also reported solid guidance for the first quarter and full year.

Arista Networks (NYSE:) declined 6.9% after Q4 EPS of $2.08 versus $1.7 expected on revenues of $1.54 billion versus $1.53 billion expected.

Cadence Design Systems Inc (NASDAQ:) declined 6.5% despite EPS of $1.38 versus $1.34 expected. Revenues were reported at $1.07 billion versus $1.06 billion expected.

During regular trading hours, the , closed at a new record high. Although the S&P 500 index ended the day slightly down by nearly 0.1%, it recently achieved a milestone by closing above 5,000 for the first time last Friday. The index also saw a slight decrease, slipping by 0.3%. Despite these minor drops, all three major indexes have maintained a five-week winning streak.

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Investors are now turning their attention to the January report, due on Tuesday morning, for the latest insights into inflation. The Federal Reserve officials are expected to scrutinize the report’s findings closely as they consider the future course for rate policy.

Several high-profile companies are set to release their earnings reports on Tuesday. These include beverage titan Coca-Cola Co (NYSE:), toy manufacturer Hasbro Inc (NASDAQ:), and hospitality giant Marriott International Inc (NASDAQ:) in the morning. After the market closes, casino operator MGM Resorts International (NYSE:) and kidney dialysis company DaVita HealthCare Partners Inc (NYSE:) will announce their results.

On the bond markets, were at 4.179%.

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