Wells Fargo only derived 56% of its Q2 2025 revenues from net interest income, highlighting the bank's topline resilience in the face of looming Fed

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.

(Reuters) -Futures tracking the S&P 500 and the Nasdaq fell on Wednesday as signs that U.S. tariff policies were clouding corporate outlooks and spurring inflation weighed on record-high markets. U.S.

Crude futures were lower for a third session in a row with the market refocusing on supply and demand balances after putting concerns about U.S. tariffs and Russia sanctions on hold.

U.S. stock indexes were looking to open higher after a June reading of the producer-price index came in softer than expected. Dow futures were up about 165 points, or 0.4%, after the PPI release, which showed an unchanged reading,

Futures linked to Canada's benchmark index were flat on Wednesday as concerns about tariff-induced inflation weighed on the markets ahead of U.S. producer prices data due later in the day.

U.S. stock futures are lower after President Donald Trump further escalated trade tensions. Over the weekend, Trump announced a 30% tariff on goods from the European Union and Mexico, starting Aug. 1. Mexico and EU leaders said they would continue to negotiate this month before that date.

Stock futures were little changed on Wednesday evening after the S&P 500 recouped some of its losses from this week's tariff-fueled slide. S&P 500 futures traded just below the flatline, along with Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average were down 37 points, or less than 0.1%.

With U.S. stock markets set to open in two hours, Icahn Enterprises L.P. (IEP) was up 7.0% in pre-market trading, and Unity Software Inc. (U) was up 6.3%.