Stock futures inched lower Tuesday as rates ticked higher and Wall Street pored through the latest batch of fourth quarter earnings. Investors also awaited more data that can give better glimpse into the state of the American consumer. Futures tied to the Dow Jones Industrial Average dipped 63 points, or 0.2%. S&P 500 futures dipped 0.3%, while Nasdaq 100 futures shed 0.4%. The benchmark 10-year Treasury note yield rose 6 basis points to trade just above the key 4% level. The 2-year and 30-year note yields were also higher. Those moves come after central bank officials in Europe talked down rate cut expectations. “We do not think bond yields will be down from current levels in the near term, which likely stalls the rally, and crucially we do not expect that the decidedly one sided interpretation of why bond yields have fallen, will continue,” JPMorgan strategist Mislav Matejka said in a Monday note. Several major banks released their quarterly earnings Tuesday morning. Goldman Sachs reported better-than-expected profit and revenue, leading shares to gain 1% during premarket trading. Shares of Morgan Stanley added nearly 2% after the bank posted a revenue beat in the fourth quarter. Investors are also looking ahead to December retail sales data out Wednesday, which could fuel recessionary fears and concerns about economic growth if U.S. consumer spending sees a cooldown. Wall Street is coming off its 10th positive week in 11. The Dow and S&P 500 gained 0.3% and 1.8%, respectively, last week. The Nasdaq jumped 3% for its biggest weekly gain since November. Hong Kong led declines in Asia-Pacific markets on Tuesday, with Japanese stocks also halting their record-breaking rally that has seen benchmark indexes hit multi-decade highs. Hong Kong’s Hang Seng index shed 2.06%, while mainland China’s CSI 300 index reversed losses to gain 0.61% to 3,300.87 — the only benchmark in positive territory. The Nikkei 225 dropped 0.79% to close at 35,619.18, snapping a six-day winning streak. The broad-based Topix fell 0.82% to 2,503.98. The Nikkei has hit key milestones of 34,000, 35,000 and 36,000 — levels the index has not seen since 1990. In Australia, the S&P/ASX 200 marked a third straight day of losses as commodity stocks dragged the index, falling 1.09%. South Korea’s Kospi declined 1.12% to end at 2,497.59, its lowest level since Dec.7, while the small-cap Kosdaq fell 0.57% to 854.83. Oil prices rose on Tuesday, as investors weighed the impact of tensions in the Middle East. Brent crude futures gained 72 cents, or 0.9%, to $78.87 a barrel. The contract had lost 14 cents on Monday. U.S. West Texas Intermediate crude was up 38 cents, or 0.5%, from Friday at $73.06 per barrel. U.S. markets were closed for a public holiday on Monday. Gold prices declined on Tuesday, hurt by a strengthening dollar and Treasury yields, as markets wait to hear remarks from several Federal Reserve officials this week to further gauge the central bank’s monetary policy path. Spot gold was down 0.7% at $2,040.06 per ounce. U.S. gold futures fell 0.4% to $2,043.90.