The market sentiment seems to fluctuate as the index futures dipped slightly, indicating a lower opening on Tuesday. TheCBOE Volatility, aka VIX, rose slightly but held around the 20 level.Oracle Corp.'s(NYSE:ORCL) earnings and the management's comments regarding huge data center needs could buoy the tech space, although the Court of Justice of the European Union's rulings against two big techs, necessitating payment of huge fines could act as a dampener.

That said, traders are likely to adopt a "wait-and-watch" approach as the market prepares to receive the consumer and producer price inflation...