(Editor’s note: The future prices of benchmark tracking ETFs, and the headline were updated in the story.)
U.S. stock futures declined on Wednesday following Tuesday’s lower close. Futures of major benchmark indices declined.
Delayed by a lapse in federal funding, November’s economic data revealed a resilient consumer alongside moderate wholesale inflation: retail sales rebounded 0.6% following a downward-revised slump in October, while the Producer Price Index (PPI) rose 0.2% and 3.0% annually—driven largely by a surge in energy costs.
The Consumer Price Index rose 2.7% year over year in December, matching both the prior reading and economists’ estimates. Notably, core CPI came in at 2.6% year over year, slightly below expectations.
After last week passed without a decision, investors are now focused on Wednesday’s scheduled Supreme Court opinion release for a potential ruling on the challenge to President Donald Trump‘s tariff authority.
Meanwhile, the 10-year Treasury bond yielded 4.17%, while the two-year bond yielded 3.52%. The CME Group’s FedWatch tool‘s projections show markets pricing a 97.2% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.
| Index | Performance (+/-) |
| Dow Jones | -0.15% |
| S&P 500 | -0.16% |
| Nasdaq 100 | -0.16% |
| Russell 2000 | 0.14% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Wednesday. The SPY was down 0.35% at $691.36, while the QQQ declined 0.49% to $691.30, according to Benzinga Pro data.
Stocks In Focus
Wells Fargo
- Wells Fargo & Co. (NYSE:WFC) tumbled 1.93% in premarket on Wednesday as it reported diluted earnings of $1.76 per share, beating the estimated $1.67 and a revenue of $ 21.292 billion, missing the estimate of $21.65 billion.
- Benzinga’s Edge Stock Rankings shows that WFC maintains a stronger price trend over the short, …