U.S. stocks are poised to open higher on Tuesday after a Labor Department report showed consumer prices fell 0.4 percent in June, much more than the 0.1 percent dip economists had forecast. The annual inflation rate slowed to 3.5 percent from 4.2 percent in May, while core prices were flat on the month, easing concerns about inflation and higher interest rates. S&P 500 futures rose 0.4 percent and Nasdaq 100 futures jumped 1.2 percent, though IBM shares tumbled 22.1 percent in pre-market trading after preliminary second-quarter results missed expectations.
International Business MachinesPreliminary Q2 results missed expectations, causing shares to tumble 22.1% in pre-market trading.