Wall Street opening weak

Wall Street opened weak on Tuesday, driven by rising bond yields and diesel prices, which pushed U.S. futures into negative territory. The Dow, S&P, and Nasdaq futures all indicated a lower open, with the S&P 500 futures down 0.5%. The tech sector was particularly weak, with Monday's selloff continuing into Tuesday.

The market impact was broad, with investors across sectors reacting to the increased inflationary pressures indicated by rising yields and energy prices. This led to a risk-off sentiment, with investors pulling back from equities and moving into safer assets. The energy sector, however, benefited from the surge in diesel prices.

Looking ahead, investors will closely watch the U.S. consumer price index (CPI) data due on Wednesday, as well as the Federal Reserve's Beige Book report later in the day. These catalysts will provide further insight into the inflation dynamics and potentially influence the market's direction.