Dow, S&P 500, and Nasdaq futures are falling in premarket trading Wednesday as the stock market grabbles with inflation fears ahead of more bank earnings and PPI data.

Wall Street braced for another inflation checkup after Tuesday's consumer price reading spurred traders to pare bets on Fed rate cuts in the coming months.

U.S. stock futures were mostly higher Tuesday after Nvidia set it's likely to resume sales of key chips to China, with a key inflation report and bank earnings on the way. Dow Jones Industrial Average futures fell 71 points,

Dow futures fall as President Donald Trumps tariff deadline approaches, raising fresh concerns on Wall Street. With the 90-day pause on reciprocal tariffs ending July 9, Trump officials warn duties could return to their harsh “Liberation Day” levels by August 1 unless new trade deals are signed.

Wall Street braced for another inflation checkup after Tuesday's consumer price reading spurred traders to pare bets on Fed rate cuts in the coming months.

Indexes were mixed in the first hour of trading after Tuesday's inflation report held few surprises. Earnings reports moved some banks on the stock market today. Meanwhile, Treasury Secretary Scott Bessent commented on the process for finding Federal Reserve Chairman Jerome Powell's replacement.

US stock market today opened slightly lower as Dow, S&P 500, and Nasdaq futures paused after a powerful tech rally led by Nvidia, which just hit a historic $4 trillion market value. Meanwhile, President Trumps new tariff threats—including a proposed 50% import tax on Brazil and extra tariffs on BRICS nations—are now in focus.