Inflation, Investing Gurus, Earnings: 3 Things to Watch

Inflation, Investing Gurus, Earnings: 3 Things to Watch

© Reuters.

By Christiana Sciaudone

Investing.com -- Tech tried hard to make a comeback Tuesday, and helped buoy an otherwise depressed market. 

Oil dipped even as gasoline shortages rose on the East Coast as a result of the Colonial Pipeline shutdown.  

Bucking the trends werePalantir Technologies Inc (NYSE:)and Roblox Corp (NYSE:), whose earnings pleased the market greatly.

The U.S. Federal Drug and Food Administration authorized the Pfizer Inc (NYSE:)-BioNTech SE (NASDAQ:) vaccine for use in children aged 12 to 15, which hopefully means more of them will be getting back to full-time school and saving families across the country.

We'll get a view into inflation, the hot topic of the times, with April data coming out tomorrow.

Here are three things that could affect markets tomorrow:

1. Inflation update

The April will undoubtedly unleash a fresh round of inflation commentary. The year-over-year reading will be distorted by base effects from last year's pandemic-induced plunge in energy prices, making it appear like a surge. Consensus is for a 3.6% gain. The numbers come out at 8:30 AM ET (1230 GMT).

2. Fed speaker and investing gurus

Inflation may come up when Federal Reserve Vice Chair Richard Clarida gives a