US stock futures edged lower on Wednesday as investors awaited the latest producer price inflation data for further insight into the economic fallout from the ongoing conflict in the Middle East. In Tuesday’s regular session, the S&P 500 and Nasdaq Composite fell 0.16% and 0.71%, respectively, while the Dow Jones Industrial Average inched up 0.11%.
Market sentiment came under pressure amid weakness in technology shares and a rise in oil prices, after President Donald Trump cast doubt on the durability of the US–Iran ceasefire by rejecting Tehran’s counterproposal to end the war.
On the data front, figures released Tuesday showed that US consumer inflation accelerated to 3.8% in April, exceeding expectations of 3.7% and marking the highest reading since May 2023. Investors are now focusing on another wave of corporate earnings due Wednesday, including results from Nebius, Allianz, Alibaba, and others.
