U.S. stock futures rose slightly Tuesday after the Nasdaq Composite hit a new record. Dow Jones Industrial Average futures were up 43 points, or 0.1%. S&P 500 futures and Nasdaq-100 futures also each climbed 0.1%. Nvidia traded slightly higher in the premarket, while Apple shares dipped marginally ahead of an annual event in which the company is expected to unveil a new iPhone. Wall Street is coming off a winning session. The Nasdaq rose 0.5%, as key chipmakers such as Broadcom and Nvidia helped carry the tech-heavy index to all-time highs. The S&P 500 climbed 0.2%. The 30-stock Dow gained more than 100 points. But investors are now awaiting two key inflation reports that could determine what Federal Reserve policymakers will do at their meeting next week. Last week, a surprisingly weak jobs report added to hopes the path for interest rates is lower. However, any surprising strength in the inflation readings could throw a wrench in that outlook. The August producer price index report is due out Wednesday morning, while the consumer price index is set to release on Thursday. “When the labor market is weakening, the Fed is supposed to cut rates. The problem is that for Thursday’s CPI number, the consensus is now expecting inflation to go up from 2.7% to 2.9%” Torsten Slok, chief economist at Apollo Global Management, told CNBC’s “Squawk on the Street.” “And that is exactly muddying the picture, because when inflation goes up, the Fed should be hiking.” The NFIB Small Business Optimism Index will release Tuesday before the open and provide further color on the economic picture. Any weakness in sentiment could spell more trouble for the jobs market, as small businesses employ much of the U.S. workforce. Elsewhere, GameStop and Oracle are set to report Tuesday after the close. Apple could also garner attention as it unveils its latest slate of devices, including a new iPhone. Fox shares dipped 4% after Lachlan Murdoch gained control of the media empire as the Murdoch family settled a dispute over the family trust. Dell Technologies shares slid almost 1% after Chief Financial Officer Yvonne McGill resigned, effective Tuesday. U.S. Treasury yields ticked higher on Tuesday, as investors awaited two inflation reports that could influence policy decisions at the Federal Reserve. The yield on the benchmark 10-year Treasury was more than 2 basis points higher at 4.068%. Yields on Treasurys across the curve also ticked up, with the 30-year Treasury’s yield more than 2 basis points higher at 4.718% after shedding more than 8 basis points in the previous session. Asia-Pacific markets traded mixed Tuesday after Wall Street gained on a tech rally. Japan’s benchmark Nikkei 225 reversed course to lose 0.42%, closing at 43,459.29 after hitting a record high earlier in the day, following Prime Minister Shigeru Ishiba’s announcement of his resignation Sunday. The Topix retreated 0.51% to 3,122.12. South Korea’s Kospi added 1.26% to end the trading day at 3,260.05, while the small-cap Kosdaq rose 0.76% to close at 824.82. Australia’s benchmark S&P/ASX 200 slid 0.52% to 8,803.5. Hong Kong’s Hang Seng index pared earlier gains to rise 1.19% after hitting its highest level since late 2021. The mainland CSI 300 slipped 0.7% to 4,436.26. Oil prices gained on Tuesday after OPEC+ decided to increase production by less than what market participants had anticipated, while concerns over tighter supply due to potential new sanctions on Russia continued to lend support. Brent crude gained 22 cents, or 0.33%, to $66.24 a barrel by 0005 GMT, while U.S. West Texas Intermediate crude climbed 24 cents, or 0.39%, to $62.50 a barrel. Eight members of the Organization of the Petroleum Exporting Countries and allies, collectively known as OPEC+, agreed on Sunday to raise production from October by 137,000 barrels per day. That is much lower than the monthly increases of about 555,000 bpd for September and August, and 411,000 bpd in July and June. It is also less than some analysts had expected. Gold prices scaled a fresh peak on Tuesday, as a weaker dollar and a dip in bond yields amid growing bets for a Federal Reserve rate cut this month lifted demand for the precious metal. Spot gold gained 0.4% to $3,651.38 per ounce as of 0249 GMT. U.S. gold futures for December delivery added 0.4% to $3,690.90. “We probably will see more upside in gold from here provided that the U.S. central bank delivers with regards to market expectations of seeing multiple rate cuts,” KCM Trade Chief Market Analyst Tim Waterer said.