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.

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. 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,

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

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 fell Sunday, a day after President Donald Trump threatened to impose new 30% tariffs against imports from Mexico and the European Union.

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%.

"They have to have what it takes to succeed independently, but not if it relies on old structures," one expert told Newsweek.