Wall Street digested a surprisingly cool wholesale inflation reading and more big bank earnings, with one eye on Trump's latest tariff moves.

Futures on the Dow Jones Industrial Average climbed while other major indexes dipped Wednesday, as Wall Street awaited more key inflation data. Meanwhile, chip stock ASMLASML plunged on the stock market today after the company warned it couldn't guarantee growth in 2026 due to tariff uncertainty.

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Viatris Inc. closed 34.10% below its 52-week high of $13.55, which the company achieved on November 25th.

Stocks rose on Wednesday, as investors weighed earnings releases from big banks and digested the latest wholesale inflation report.

Trump’s tariffs and the trade war continue to roil global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

The Dow and S&P 500 fell, and the Nasdaq rose, on a busy day for the stock market as investors digest news on a China chips embargo, big bank earnings and CPI inflation data.

Futures on Wall Street reversed early losses and are trading with gains, particularly those on the Nasdaq. Futures on the Dow Jones and the S&P 500 are currently above the flat line, having recovered losses of close to 70 points in early trading.

The Dow Jones index and other indexes reversed lower after bank earnings and tame wholesale inflation data. ASML stock plunged on this warning.