Wall Street had no idea how to process what hit it on Tuesday. Inflation came in hot, tariffs are back on the table, and big-name banks couldn’t deliver a clear signal. The result? Markets got pulled in different directions,

Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.

U.S. Treasury yields moved lower on Wednesday as investors awaited more inflation data and considered the impacts of tariffs on consumer prices.

Dow Jones futures demonstrate a stable performance, while investors await the release of Netflix’s Q1 earnings of 2026.

Stock futures are little changed Wednesday ahead of the release of wholesale inflation data as earnings reports from banks and other major companies stream in.

From the technical point of view, SP500 needs to settle above the resistance level at 6280 – 6290 to gain additional upside momentum in the near term. RSI is in the moderate territory, so there is plenty of room to gain momentum in case the right catalysts emerge. If SP500 settles above the 6290 level, it will head towards the 6350 level.

Dow Futures dip as traders await CPI data, bank earnings, and weigh fresh tariff threats from President Trump.

Futures on Wall Street reversed early losses and are trading with gains, particularly those on the Nasdaq. Futures on the Dow Jones and the S&P 500 are currently above the flat line, having recovered losses of close to 70 points in early trading.

S&P 500 contracts fell 0.4% while shares in Japan retreated 0.3% in a cautious start to the week. Treasuries dipped slightly while the yen strengthened.

Worsening inflation poses a political challenge for Trump, who as a candidate, promised to immediately lower costs, but instead has engaged in a whipsawed frenzy of tariffs that have jolted businesses and consumers.