Dow Futures Rally Reverses as Chip Bounce Fades Before CPI

Dow Jones Industrial Average (DJIA) futures experienced a round-trip rally on Tuesday, erasing earlier gains as a bounce in chip stocks lost momentum. The move comes as traders reposition ahead of the US consumer price index (CPI) release.

Tuesday's session highlighted that a single-day bounce does not constitute a sustained recovery, with the chip sector's weakness weighing on broader sentiment. The CPI data is expected to provide further direction for interest rate expectations and equity markets.