US Futures Edge Lower Ahead of PPI Release
2026-05-12 23:59
By
Jam Kaimo Samonte
1 min. read
US stock futures moved lower on Wednesday as investors awaited the latest producer inflation data for additional clues on the economic impact of the ongoing Middle East conflict.
During Tuesday’s regular session, the S&P 500 and Nasdaq Composite declined 0.16% and 0.71%, respectively, while the Dow Jones added 0.11%.
Sentiment was pressured by weakness in technology shares and rising oil prices as President Donald Trump cast doubt on the sustainability of the US-Iran ceasefire after rejecting Tehran’s counterproposal to end the war.
Economic data released Tuesday also showed US consumer inflation accelerated to 3.8% in April, above expectations of 3.7% and the highest level since May 2023.
Investors are now turning their attention to another round of corporate earnings due Wednesday, including results from Nebius, Allianz, and Alibaba, among others.