US stock futures showed modest gains on Wednesday after a volatile trading day, fueled by President Donald Trump’s fast-paced trade policies. The market is preparing for the release of important inflation data.
Tech and Benchmark Indices See Minor Upward Movement
Futures linked to the tech-heavy Nasdaq Composite (NQ=F) and the broad S&P 500 (ES=F) increased by 0.3%. Meanwhile, futures tied to the Dow Jones Industrial Average (YM=F) rose by 0.2%.
Trump Moves Forward with Tariffs Despite Economic Concerns
On Tuesday, President Trump continued with his plan to impose wide-ranging tariffs, insisting that he doesn’t foresee a recession, despite growing economic concerns. “I don’t see it at all. I think this country’s going to boom,” Trump stated at the White House.
The White House confirmed that the next wave of tariffs would begin on Wednesday. Steel and aluminum imports from all countries will face a 25% tariff, a plan set in motion by Trump in February.
Investors Await Key Inflation Data
Wall Street’s attention will shift to the February Consumer Price Index (CPI) report, due to be released at 8:30 a.m. ET. The data will offer crucial insights into inflation levels and the Federal Reserve’s future decisions on interest rates, a key factor influencing the market’s current direction.
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