FX.co ★ US Futures Dip Ahead of Key Inflation Data

On Wednesday, U.S. stock futures edged slightly down as investors maintained a cautious approach ahead of the upcoming Consumer Price Index report. This report is anticipated to shed light on the economic ramifications of the recent tariff implementations. Additionally, market enthusiasts are eagerly awaiting further details regarding the ongoing trade negotiations between the U.S. and China. Commerce Secretary Howard Lutnick conveyed optimism, stating that discussions were progressing "really, really well," hinting that talks might extend into Wednesday if needed. In the previous trading session on Tuesday, the S&P 500 and Nasdaq Composite experienced gains of 0.55% and 0.63%, respectively, marking their third consecutive session of positive performance. The Dow also saw an increase of 0.25%. Gains were widespread, with 10 out of the 11 sectors in the S&P 500 closing higher, particularly in energy, consumer discretionary, and healthcare. The technology sector outperformed as well, driven by significant rises from Tesla (up 5.7%), Meta Platforms (up 1.2%), and Alphabet (up 1.3%). Looking ahead, investors are keenly awaiting earnings reports from Chewy and Oracle, expected later on Wednesday.