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Stock market today: Dow, S&P 500, Nasdaq futures hold steady as trade war worries ease
US stock futures held steady after a strong trading session on Wall Street, where the S&P 500 erased its losses for 2025.
Futures attached to the Dow Jones Industrial Average (YM=F) rose 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) flatlined.
On Tuesday, stocks mostly rose as April's cool inflation report and easing trade tensions lifted investor sentiment. Chipamaker Nvidia ( NVDA ) powered the tech-led rally, boosted by an upcoming chip regulation overhaul and a new partnership with Saudi Arabia.
Read more: The latest on Trump's tariffs
Since President Trump announced a 90-day truce on tariffs between the US and China, Wall Street has seen a notable turnaround in sentiment. Tuesday's inflation report, which showed consumer prices rose at their slowest pace since 2021 despite trade whiplash in April, offered an additional sense of relief.
Trump again called on the Federal Reserve to slash rates following the new report. "What is wrong with Too Late Powell? Not fair to America, which is ready to blossom? Just let it all happen," the president said on Truth Social.
However, April's inflation report leaves the central bank in a wait-and-see stance on rate cuts, and experts warn it could be the case that tariffs have simply not shown up yet in the economic data.
Earnings season, meanwhile, continues to be overshadowed by tariffs. American Eagle ( AEO ) became the latest company to withdraw guidance due to "macro uncertainty" on Tuesday, sending its stock tumbling in after-hours trading.
Companies set to report earnings on Wednesday include Sony ( SONY ), Coreweave ( CRWV ), and Cisco ( CSCO ).