S&P 500 futures were higher Tuesday thanks to an advance in Nvidia shares as investors await big bank earnings and a key inflation reading. Futures tied to the benchmark index rose 0.4%, while Nasdaq 100 futures added 0.6%. Dow Jones Industrial Average futures were down 28 points, or 0.1%. Nvidia shares ticked 5% higher in the premarket after the chip company said it will resume H20 AI chip sales to China “soon.” “The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,” the company said in a statement Tuesday. The big banks are set to kick off the season this week, with JPMorgan Chase, Wells Fargo and Citigroup among the companies on Tuesday set to deliver quarterly reports. On Wednesday, Bank of America, Goldman Sachs and Morgan Stanley will also release results. Investors are hoping that a second-quarter earnings season that comes in better than expected will boost a stock market that’s at all-time highs. Expectations are low heading into the season. The S&P 500 is projected to post a blended earnings growth rate of 4.3% on a year-over-year basis, according to FactSet data. Investors are also keeping a close eye on the June consumer price index, due Tuesday morning, seeking clues on how the Trump administration’s tariffs have been affecting prices. The metric is expected to show a 0.3% monthly increase and a 2.7% headline reading, according to Dow Jones consensus estimates. Any upside surprise in last month’s numbers could spook a market that has yet to see any tariff impact on inflation. Wall Street is coming off a positive session, with stocks eking out a gain Monday even after President Donald Trump threatened a 30% tariff on the European Union and Mexico starting Aug. 1. The Dow Jones Industrial Average rose 88 points, or 0.2%. The S&P 500 gained 0.1%, while the Nasdaq Composite climbed about 0.3%. “You’re at the point where the president is talking again about higher tariff rates. That’s going to take the effective tariff rate up even higher than we currently anticipated to be,” Dan Greenhaus, chief strategist at Solus Alternative Asset Management, told CNBC’s “Closing Bell” on Monday. “So, my argument would be, while we determine exactly what that level is going to be, after a truly historic rally off the lows, some breather is in order.” U.S. Treasury yields fell on Tuesday ahead of key inflation figures due later on Tuesday which may offer further insights into the Federal Reserve’s potential interest rate moves. At 4:41 a.m. ET, the 10-year Treasury yield was about one basis point lower at 4.419%, and the 30-year yield was lower by more than one basis point at 4.958%. The 2-year yield was flat at 3.9%. Asia-Pacific ended the day higher Tuesday. Hong Kong’s Hang Seng Index added 1.6% to close at 24,590.12, while mainland China’s CSI 300 index was flat at 4,019.06. Japan’s Nikkei 225 benchmark added 0.55% to close at 39,678.02, while the broader Topix index was flat at 2,825.31. Meanwhile, South Korea’s Kospi index increased by 0.41% to close at 3,215.28, while the small-cap Kosdaq advanced 1.69% to 812.88. Australia’s S&P/ASX 200 benchmark ended the day 0.7% higher at 8,630.30. Oil prices edged down on Tuesday as the market digested U.S. President Donald Trump’s 50-day deadline for Russia to end the Ukraine war and avoid sanctions on buyers of its oil, while worries continued to linger over Trump’s trade tariffs. Brent crude futures fell 5 cents to $69.16 a barrel by 0000 GMT, while U.S. West Texas Intermediate crude futures fell to $66.89, down 9 cents. Both contracts settled more than $1 lower in the previous session. Gold prices firmed on Tuesday as concerns over the global trade war fueled demand for safe-haven assets, while investors awaited a key U.S. inflation reading. Spot gold rose 0.5% at $3,361.39 per ounce, by 0816 GMT. U.S. gold futures was up 0.3% to $3,370.40. The U.S. dollar was down 0.1%, making gold cheaper for buyers holding other currencies. “Gold is edging higher as bulls look to take advantage of the dollar that’s a touch lighter today,” said Han Tan, chief market analyst at Nemo.Money.