US Futures Dip Ahead of More Earnings, PPI Report

US stock futures edged lower on Wednesday as investors turned cautious ahead of a fresh round of corporate earnings and the latest producer price index data.

Major banks including Bank of America, Goldman Sachs, and Morgan Stanley are set to report earnings before the opening bell, alongside healthcare giant Johnson & Johnson.

On the economic front, June’s PPI report is in focus, as markets seek further clarity on how President Trump’s tariff policies are influencing producer prices and inflation trends.

In Tuesday’s regular session, the Dow fell 0.94% and the S&P 500 lost 0.4%, pressured by hotter-than-expected consumer inflation data for June, which reinforced fears about tariff-driven price pressures.

In contrast, the Nasdaq Composite rose 0.18%, buoyed by a 4% rally in Nvidia after the company expressed optimism about resuming sales of its H20 AI chips to China.