Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Add as a preferred source on Google
U.S. stock index futures edged higher Wednesday evening as investors processed a hotter-than-expected consumer inflation report, reducing the likelihood of near-term interest rate cuts. Wall Street ended mostly lower following the inflation data, though strong corporate earnings helped limit losses. However, concerns over trade tariffs under former President Donald Trump kept markets in a tight range.
By 18:35 ET (23:35 GMT), S&P 500 Futures inched up 0.1% to 6,078.50, while Nasdaq 100 Futures rose 0.2% to 21,855.0. Dow Jones Futures gained 0.1% to 44,507.0.
January’s Consumer Price Index (CPI) data came in hotter than anticipated, reinforcing expectations that the Federal Reserve will keep interest rates unchanged in the near term. Fed Chair Jerome Powell, speaking before Congress, reaffirmed that rate cuts would only come once inflation clearly moves toward the 2% target. The Fed has already cut rates by 1% in 2024 but remains cautious due to a strong labor market and economic resilience.
Meanwhile, Trump has pledged to curb inflation, blaming the Biden administration. However, analysts warn that his recent 25% tariffs on steel and aluminum imports, along with potential reciprocal tariffs, could drive inflation higher in the coming months.
Wall Street ended lower Wednesday, with the S&P 500 slipping 0.3% to 6,051.92, the Dow falling 0.5% to 44,368.68, and the Nasdaq Composite finishing flat at 19,649.95. Despite market weakness, earnings from CVS Health (NYSE:CVS) and Gilead Sciences (NASDAQ:GILD) provided some support, with CVS soaring 15% and Gilead jumping 7.5%. Robinhood (NASDAQ:HOOD), MGM Resorts (NYSE:MGM), Applovin (NASDAQ:APP), and Dutch Bros (NASDAQ:BROS) also posted strong gains post-earnings.
Persistent concerns over high rates, inflation, and trade policy uncertainty continue to weigh on investor sentiment.
