Stock futures rose overnight as investors prepared for Tuesday’s important inflation report.

Future on the Dow Jones Industrial Average gained 30 points or 0.1%, while S&P 500 futures rose 0.09% and Nasdaq 100 futures inched 0.1% higher.

As investors make overnight moves, they are rewarded with the best. await the release of March’s highly anticipated consumer price indexOn Tuesday. The data is expected to show an 8.4% annual increase in prices — the highest level since December 1981 — according to economists polled by Dow Jones, with rising food costs, rents and energy prices expectedThe main factors behind the spike are

“I expect that the CPI inflation will peak by the summer and the consumption deflator will peak at 6 or 7%, then drop to about 3 to 4 % by the end of next year,” Ed Yardeni (president of Yardeni Research) said to CNBC’s “Closing Bell” Monday.

During regular trading on Monday, the Dow Jones Industrial Average fell 413.04 points, or 1.19%, to 34,308.08, while the S&P 500 dropped 1.69% to 4,412.53. Tech-heavy Nasdaq composite fell 2.18%, to 13,411.96.

The day ended in red for all 11 industries, but technology was the worst-hit sector as investors sought stability. Microsoft lost nearly 4% and semiconductor Nvidia lost more than 5.5%.

ConocoPhillips, Occidental Petroleum and other energy companies also saw their shares fall as the oil price fell on concerns that China’s lockdowns could impact demand. WTI fell to $94.29, while Brent dropped to $98.48 by 4.18%. Oil prices fluctuated over the past week due to war in Ukraine.

Meanwhile, shares of AT&T rose more than 7% after closing its WarnerMedia spinoff. The day ended in positive for airline stocks, including Southwest Airlines and Delta Air Lines.

Ten-year Treasury yields topped 2.9% highest level since January 2019.  

Investors eagerly await earnings season to begin Wednesday, with JPMorgan Chase and Delta Air Lines. Then it will continue Thursday with several large banks.