Stock futures are little changed as key consumer inflation report looms: Live updates

Stock futures are little changed as key consumer inflation report looms: Live updates


Traders work on the floor of the New York Stock Exchange during afternoon trading on October 03, 2024 in New York City.

Michael M. Santiago | Getty Images

Stock futures were little changed on Tuesday evening after uncertainty around President Donald Trump’s tariffs sent the major averages on a roller-coaster ride. Investors also awaited a consumer inflation report due Wednesday.

Futures tied to the Dow Jones Industrial Average advanced 27 points, or 0.07%. S&P 500 futures were 0.08% higher, while Nasdaq 100 futures gained 0.1%.

The after-hours action comes after a whirlwind day for tariff policy that ultimately resulted in losses for all three of the major averages. At its lowest point in the session, the S&P 500 was down 10% from its closing high. The 30-stock Dow lost nearly 480 points.

Earlier in the day, Trump said he would double import duties on Canadian steel and aluminum imports to 50% as of Wednesday. That move was in response to Ontario’s decision to tack on a 25% levy on electricity exported to the U.S.

Later Tuesday, Ontario Premier Doug Ford said he would pause the surcharge. White House trade advisor Peter Navarro followed that by telling CNBC Tuesday afternoon that Trump would not raise the Canadian steel and aluminum tariffs to 50%. However, the 25% duty on these metals would still go into effect on Wednesday.

Traders are facing another catalyst on Wednesday: the consumer price index reading for February. Economists polled by Dow Jones expect the CPI rose 0.3% last month and they anticipate headline inflation grew 2.9% from 12 months earlier.

The results will inform the Federal Reserve’s next policy steps at a time when the market’s worries about inflation and slowing growth are starting to reignite.

“We’re just waiting on some kind of policy response, either from the Fed or the administration,” 3Fourteen Research co-founder Warren Pies told CNBC’s “Closing Bell on Tuesday. “I think that’s going to be a little bit slow coming. And so I don’t think it’s time to buy the dip just yet.”

Tariffs have become a thorn in the side of Wall Street as investors worry that the duties could force the U.S. economy into a recession, given that consumers are already dealing with persistently high prices for essential goods including eggs and coffee.



Source

Europe’s companies sound alarm over tariff hits amid scramble to strike U.S. trade deal
World

Europe’s companies sound alarm over tariff hits amid scramble to strike U.S. trade deal

European officials are working to secure a trade deal with the Trump administration, as regional companies sound the alarm over financial hits even before reciprocal tariffs have come into play. Earlier this month , U.S. President Donald Trump said he would slap a 30% tariff on all goods imported to America from the European Union, […]

Read More
Puma shares plunge 15% after full-year sales, profit outlook cut on U.S. tariffs
World

Puma shares plunge 15% after full-year sales, profit outlook cut on U.S. tariffs

Sign at the entrance to the Puma store in Midtown Manhattan. Erik Mcgregor | Lightrocket | Getty Images Puma shares plummeted as much as 18% Friday after the German sportwear brand posted worse-than-expected second-quarter sales and cut its full-year guidance, flagging the impact of U.S. trade tariffs. In a preliminary updated after markets closed on […]

Read More
Textiles to whisky: U.K.–India ‘historic’ deal is set to boost bilateral trade by over  billion a year
World

Textiles to whisky: U.K.–India ‘historic’ deal is set to boost bilateral trade by over $34 billion a year

AYLESBURY, ENGLAND – JULY 24: UK Prime Minister Keir Starmer and Prime Minister Narendra Modi of India walk in the grounds at Chequers on July 24, 2025 in Aylesbury, England. Kin Cheung | Getty Images News | Getty Images U.K. and India’s bilateral trade is set to get a more than $34 billion annual boost […]

Read More