Stock futures were slightly lower Tuesday as investors prepared for a key inflation report. Futures tied to the Dow Jones Industrial Average lost 63 points, or 0.2%. S&P 500 futures slipped 0.4%, while Nasdaq 100 futures dropped 0.8%. The consumer price index report is slated for release at 8:30 a.m. ET. The report will be closely watched by investors as they look for clues on future potential Federal Reserve policy moves. Headline inflation is expected to have increased 0.2% month over month and 2.9% from a year earlier, according to economists polled by Dow Jones. Core prices, which exclude volatile food and energy components, are expected to have increased 0.3% in January and 3.7% from a year earlier, respectively. Wall Street is coming off a mixed session in which the Dow closed at a record, while the S&P 500 ended the day down slightly along with the Nasdaq. All three of the major averages are riding a five-week winning streak. “I think if anything, all this talk about how narrow the market has been [is] overstated,” Strategas head of technical and macro research Chris Verrone said on CNBC’s “Closing Bell: Overtime” on Monday. “The small caps are getting better, the equal-weight S&P just made a two-year high, [so] this idea that it’s just been five six or seven stocks driving this whole thing I think is misleading.” In corporate news, JetBlue Airways spiked 15% after activist investor Carl Icahn reported a nearly 10% stake in the airline. Toymaker Hasbro plunged more than 12% after missing analyst expectations for the fourth quarter. Similarly, shares of Avis Budget Group slipped 1.8% in premarket on the back of disappointing fourth-quarter revenue. Earnings on deck for Tuesday include soft drinks giant Coca-Cola, toymaker Hasbro and Marriott International in the morning. Casino operator MGM Resorts and kidney dialysis company DaVita will post results after the close. The yield on the 10-year Treasury note was flat on Tuesday, as investors look ahead to key inflation data. The 10-year Treasury yield held steady at 4.168%, and the yield on the 2-year Treasury was little changed at 4.47%. Japan’s Nikkei 225 briefly crossed the 38,000 mark for the first time since the asset bubble burst in 1990 as it rallied about 3% and pushed 34-year highs. However, it was unable to sustain its run above 38,000 points, falling minutes before its close to end at 37,963.97, while the Topix climbed 2.12% to 2,612.03, also at a 34-year high. Other Asia-Pacific markets mostly rose as more markets return to trade from the Lunar New Year holiday, including South Korea and Singapore. South Korea’s Kospi was up 1.12% as it returned to trade and closed at 2,649.64, with the small-cap Kosdaq rising 2.25% to finish at 845.15. In Australia, the S&P/ASX 200 slipped 0.15% to 7,603.6, marking a third straight day of losses. Markets in China are closed for the week, due to the Lunar New Year holiday. Hong Kong is closed Tuesday, but is set to resume trading Wednesday. Oil futures edged slightly higher on Tuesday after falling flat in the previous session as crude prices struggle to break out amid uncertainty over the future course of the Middle East conflict and an unclear supply and demand picture. The West Texas Intermediate contract for March added 53 cents, or 0.69%, to trade at $77.45 a barrel in morning trading. The Brent contract for April gained 58 cents, or .71%, to trade at $82.45 a barrel. Gold prices edged higher on Tuesday as caution set in ahead of a U.S. inflation report due later in the day that could offer more clues on the timing of widely expected interest rate cuts from the Federal Reserve. Spot gold was up 0.3% at $2,026.19 per ounce, as of 0952 GMT, after briefly slipping to a more than two-week low of $2,011.72 per ounce on Monday. U.S. gold futures were up 0.3% at $2,039.70 per ounce.