FX.co ★ U.S. Futures Drop Slightly

U.S. stock futures experienced a slight decline following modest advances on Wall Street on Wednesday. Investors were processing remarks from President Trump, who stated he is “not planning on doing anything” to replace Federal Reserve Chair Jerome Powell. Concurrently, the Federal Reserve's Beige Book highlighted that "uncertainty remained elevated," prompting businesses to proceed with caution. On the economic data front, U.S. producer prices remained unchanged in June, following a revised increase of 0.3% in May. Yearly wholesale inflation fell to 2.3%, marking the lowest level since September. In corporate developments, Tesla is gearing up to introduce a longer, six-seat version of its Model Y SUV in China, aiming to recapture market share from local competitors offering newer models. Johnson & Johnson exceeded Wall Street's quarterly sales projections and adjusted its full-year guidance upward, despite growing industry challenges from tariffs and potential drug pricing regulations. Meanwhile, ASML CEO Christophe Fouquet revised his 2026 sales growth expectations downward, attributing the change to trade disputes and geopolitical tensions as significant obstacles.