U.S. Futures Drop Slightly

U.S. stock futures fell slightly after modest gains on Wall Street Wednesday, as traders digested comments from President Trump, who said he is “not planning on doing anything” to remove Fed Chair Powell.

Meanwhile, the Fed’s Beige Book reported that “uncertainty remained elevated,” leading businesses to remain cautious.

On the data front, U.S. producer prices were flat in June, after an upwardly revised 0.3% rise in May.

Annual wholesale inflation eased to 2.3%, the lowest since September.

In corporate news, Tesla is preparing to launch a longer, six-seat version of its Model Y SUV in China, aiming to regain ground from local competitors with newer offerings.

Johnson & Johnson topped Wall Street’s quarterly sales estimates and raised its FY guidance, despite mounting industry pressures from tariffs and potential drug price regulation.

Meanwhile, ASML CEO Christophe Fouquet dialed back his 2026 sales growth forecast, citing trade disputes and geopolitical tensions as key headwinds.