US stock futures pushed higher Wednesday as investors watched for fresh inflation data and a new wave of corporate earnings results.
Futures on the S&P 500 gained 0.1%, while Nasdaq 100 futures added 0.6%. Dow Jones futures slipped slightly, down about 33 points, or 0.1%.
Tuesday’s Consumer Price Index report showed the largest single-month drop in inflation since April 2020. That cooler-than-expected reading triggered a broad market rally and led traders to scale back bets on a near-term interest rate hike.
BREAKING: June CPI inflation falls to 3.5%, below expectations of 3.8%
Core CPI inflation falls to 2.6%, below expectations of 2.8%.
Month-over-month CPI inflation fell -0.4%, the biggest monthly drop since May 2020.
US stock market futures are surging on the news.
— The Kobeissi Letter (@KobeissiLetter) July 14, 2026
Wednesday’s release of the June Producer Price Index will be closely watched for more clues on where prices are heading.
The Federal Reserve’s Beige Book — a collection of anecdotal economic data from across the country — is also due Wednesday.
Fed Chair Kevin Warsh is scheduled to appear before the Senate Banking Committee again. On Tuesday he told Congress the Fed has “no tolerance for persistently elevated inflation.”
Tuesday’s session was mostly positive for banks. Goldman Sachs and JPMorgan Chase posted strong quarterly results, helping lift the Dow. JPMorgan CEO Jamie Dimon said conditions were “getting close to as good as it gets” for banking.
IBM was the session’s big loser, falling 25% after the company posted weak preliminary results.
Wednesday’s earnings calendar includes Morgan Stanley, BlackRock, Johnson & Johnson, United Airlines, and chipmaking equipment maker ASML. ASML’s early guidance came in better than expected.
UBS Wealth Management strategist Charlie Anderson said the market is shifting. “We’ve gone from a market driven by macro headlines to one increasingly driven by micro fundamentals,” he said. “That’s a healthier environment for long-term investors.”
He added that the focus has moved toward cash flow, earnings, and company-specific execution rather than broad enthusiasm around artificial intelligence.
Markets are watching closely to see whether a strong earnings season can give stocks a new catalyst, especially as some investors worry the AI boom may be losing momentum.
As of early Wednesday morning, the E-Mini S&P 500 stood at $7,609.25 and the E-Mini Nasdaq 100 was at $29,952.50.
ASML’s better-than-expected guidance was the most recent positive signal heading into the trading day.
The post Stock Futures Rise as Earnings Season Heats Up and Inflation Data Cools appeared first on CoinCentral.
