By Barbara Kollmeyer, MarketWatch

Dollar drops below Yen100; CPI data ahead

Wall Street's push for another record stock session could hit a snag Tuesday, as the dollar came under pressure and investors waited for consumer price data.

Dow Jones Industrial Average futures fell 30 points to 18,552, while S&P 500 futures shed 3.4 points to 2,182.50. Nasdaq-100 futures fell 6.5 points to 4,816.25.

Fueled largely by a rally in oil prices that lifted commodity-related shares, the Dow Jones Industrial Average , the S&P 500 index , and the Nasdaq Composite Index all closed at record highs (http://www.marketwatch.com/story/us-stock-futures-inch-higher-ahead-of-empire-state-reading-2016-08-15) on Monday, for the second time since 1999.

Opinion:Here's the safest place for your money with stocks at record highs (http://www.marketwatch.com/story/heres-the-safest-place-for-your-money-with-stocks-at-record-highs-2016-08-15)

But that positive momentum was lost in Asia, where the Nikkei 225 index dropped 1.6%, and in Europe, where stocks were also struggling. Japanese stocks stumbled under the weight of a strong yen (http://www.marketwatch.com/story/yen-soars-to-one-month-high-against-dollar-2016-08-16), which hovered right at Yen100 against the dollar, a level not seen since shortly after the U.K.'s Brexit vote.

"What this does is strengthen the commodity complex on a day that you might have otherwise seen some profit taking, or even technical resistance for the oil space," said Stephen Guilfoyle, chief market economist at Stuart Frankel & Co. in a note to investors.

Crude oil (http://www.marketwatch.com/story/oil-stumbles-as-investors-cash-in-on-gains-but-sentiment-still-upbeat-2016-08-16), which settled at a one-month high Monday on hopes of an output freeze, rose 21 cents, or 0.5%, to $45.96 a barrel.

Data-heavy day: Consumer prices are due at 8:30 a.m. Eastern Time, along with housing starts and building permits, all covering activity in July. Industrial production and capacity utilization for the same month are due at 9:15 a.m. Eastern.

A fairly busy speaking week for Federal Reserve officials will kick off with Atlanta Fed President Dennis Lockhart, who will speak to the Rotary Club of Knoxville, Tennessee at 12:30 p.m. Eastern. The minutes of the Fed's July 27 meeting are coming Wednesday.

Stocks to watch: Home Depot Inc.(HD) reported same-store sales rose 5.4% in the second quarter and posted second-quarter earnings of $1.97. The do-it-yourself retailer lifted its 2016 earnings-per-share forecast to $6.31.

Dicks Sporting Goods Inc.(DKS) and TJX Cos.(TJX) are all due to report earnings ahead of the bell. Urban Outfitters Inc.(URBN) and La-Z-Boy Inc.(LZB) are scheduled to report results after the close.

The weeks's earnings docket includes other retailers such as Target Corp.(TGT) . Here's what to watch for in Target's earnings (http://www.marketwatch.com/story/what-to-watch-for-in-target-earnings-2016-08-15).

BHP Billiton Ltd.(BHP.AU) (BLT.LN) (BHP.AU) swung to its worst-ever loss of $6.39 billion (http://www.marketwatch.com/story/bhp-billiton-posts-64-bln-loss-cuts-dividend-2016-08-16) and cut its final dividend by 77%, as the Anglo-Australian mining giant grappled with a slump in commodity prices.

Apple Inc.(AAPL) could be in focus after regulatory filings showed Warren Buffett's Berkshire Hathaway Inc. (BRKA) (BRKA) loaded up on shares. Others, such as George Soros's hedge fund Soros Asset Management and David Einhorn's Greenlight Capital, reduced their stakes in the iPhone maker.

Read: Why Warren Buffett is grabbing Apple stock while other big names run away (http://www.marketwatch.com/story/why-warren-buffett-is-grabbing-apple-stock-while-other-big-names-run-away-2016-08-15)

Among other quarterly changes, hedge-fund manager John Paulson shed big positions (http://www.marketwatch.com/story/john-paulson-adds-facebook-office-depot-sheds-t-mobile-allergan-2016-08-15) in T-Mobile US Inc.(TMUS) and Activision Blizzard Inc.(ATVI) . But he created a new position in Facebook Inc.(FB) and doubled his stake in Office Depot Inc.(ODP)

Other markets: As the dollar pulled lower, gold pushed higher, up $8.50, or 0.6%, to $1,356.10 an ounce.

Data showed inflation in the U.K. rose a forecast-beating 0.6% in July (http://www.marketwatch.com/story/weak-pound-after-brexit-lifts-uk-inflation-to-highest-since-2014-2016-08-16), on fallout from the Brexit vote, which made imported goods pricier in that country. Sterling rose to $1.2975 after the inflation release, up from $1.2880 late Monday in New York.

(END) Dow Jones Newswires

August 16, 2016 06:50 ET (10:50 GMT)