Stock futures rise slightly after Dow posts a seventh straight day of gains: Live updates – CNBC

Swiss bank UBS has revealed a list of “key investment ideas,” selecting U.S. stocks based on factors such as market conditions, economic trends and government policy.

“We focus on the equity asset class and highlight our best single stock ideas in the US tied to select messages,” the bank’s Chief Investment Office stated in a July 17 research note, adding that its ideas are updated monthly.

CNBC Pro subscribers can find out which stocks made the list here.

— Lucy Handley

U.K. annual consumer price inflation came in at 7.9% for June, below a consensus estimate of 8.2% and down from 8.7% in May.

Core inflation remained eye-wateringly high, at 6.9%, but was also below an expectation for it to hold steady at 7.1%.

Services annual inflation dipped from 7.4% to 7.2%.

The print will spark reassessments of whether the Bank of England will be tempted away from a second consecutive 50-basis point rate hike on Aug. 3, as it grapples with strong wage growth.

— Jenni Reid

New Zealand’s consumer price index recorded a 6% growth year on year, the second straight quarter that the country’s inflation rate has slowed.

This is compared to the 6.7% seen in the first quarter, and the 7.2% in the fourth quarter of 2022.

On a quarter on quarter basis, the consumer price index rose 1.1%, slightly lower than the 1.2% recorded in the same period the quarter before.

— Lim Hui Jie

Confidence among large Japanese manufacturers fell in July, according to the Reuters Tankan survey, which measures business sentiment among large Japanese companies

This is the first time that the index has recorded a decline in six months, with the manufacturing index falling from +8 in June to +3.

The non-manufacturers index recorded a second straight month of decline, falling one point to +23.

A positive figure means that optimistic respondents outnumber pessimists, and vice versa.

— Lim Hui Jie

Check out the companies making headlines after hours.

• Interactive Brokers — Interactive Brokers slid 5.2% after the brokerage firm’s second-quarter earnings missed estimates. The firm reported adjusted earnings of $1.32 per share, weaker than consensus estimates of $1.40 per share, according to Refinitiv.
• J.B. Hunt Transport Services — J.B. Hunt Transport Services declined 2% after posting disappointing results. The transportation and logistics firm reported second-quarter earnings of $1.81 per share on revenue of $3.13 billion. Analysts polled by Refinitiv had expected per-share earnings of $1.92 on revenue of $3.31 billion.
• Western Alliance Bancorp — The regional bank stock declined about 3% after Western Alliance posted second-quarter results. The company reported earnings of $1.96 per share, lower than the consensus estimate of $1.98 per share, according to Refinitiv. Revenue for the quarter came in at $669 million, topping the forecast of $652 million. The bank reported deposits rose in the quarter.

Read the full list here.

— Sarah Min

Carvana shares dropped more than 10% in after hours trading. The online auto retailer said Tuesday it will post second-quarter earnings results on Wednesday, moving the date of its report up from Aug. 3.

U.S. stock futures opened lower Tuesday night.

Dow Jones Industrial Average futures fell by 11 points, or 0.03%. S&P 500 futures and Nasdaq 100 futures dipped 0.05% and 0.11%, respectively.

— Sarah Min