"Stock Futures Rise as Investors Await Inflation Data and Earnings"

Stocks edged higher as investors awaited inflation reports that could impact the Federal Reserve's interest rate hikes. The S&P 500 and Dow Jones Industrial Average saw modest gains, while the Nasdaq Composite remained muted. Other news included a downgrade for JetBlue Airways due to balance sheet concerns, JPMorgan Chase hiring a former Silicon Valley Bank executive, Amazon's Prime Day potentially benefiting other e-commerce retailers, Microsoft winning court approval for its acquisition of Activision Blizzard, and DraftKings stock reaching a 52-week high amid positive sentiment. Additionally, investors are closely watching the June inflation report, which is expected to show a further cooling of consumer prices but is unlikely to deter the Federal Reserve from raising interest rates.