U.S. equities ended Tuesday lower ahead of July Consumer Price Index data, with the Dow Jones Industrial Average down 0.34% to 53,791.85, the S&P 500 off 0.32% to 7,728.20 and the Nasdaq falling 0.6% to 26,445.44. July CPI is expected on Wednesday, with economists forecasting a 0.1% monthly rebound after June’s 0.4% decline and an annual inflation rate of 3.4%, down from 3.5%. Economist Jai Kedia said inflation could come in worse than June, keeping the risk of a Fed rate hike alive. Among the stocks watched by retail traders, CoreWeave rose 2.42% to $90.32 and then surged in extended trading after reporting second-quarter revenue of $2.58 billion, up 112.5% year over year, with an adjusted loss of $1.03 per share that beat analyst estimates. The company said it ended the quarter with a record $104 billion revenue backlog, excluding more than $25 billion in additional customer commitments added early in the current quarter, and about $5.52 billion in cash and cash equivalents. Lumentum also gained after posting quarterly revenue and earnings above estimates and issuing first-quarter guidance ahead of Wall Street expectations, helped by demand for optical connectivity tied to expanding AI workloads. Cava jumped after hours after second-quarter results topped forecasts and the company reaffirmed its 2026 outlook. Nebius advanced before its earnings release as traders focused on AI infrastructure commentary, Nvidia Vera Rubin systems, power capacity and customer deals, while Michael Burry disclosed a short position at $211.77. Super Micro climbed in extended trading after reporting quarterly earnings well above estimates, even as revenue missed expectations, while saying it had generated more than $60 billion in new orders and entered fiscal 2027 with record backlog.