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

U.S. stock futures dipped as investors absorbed mixed inflation data and braced for more economic reports. Several major U.S. companies are gearing up to release their quarterly earnings, while European chip equipment maker ASML (EU:ASML) warned of potential headwinds from rising U.

US stocks climb as strong bank earnings boost sentiment. Traders watch Fed moves as inflation risks from new tariffs loom over the market.

The SPDR S&P 500 ETFSPY also moved up 0.2% ahead of the market open. Dow Jones Giant Merck To Acquire Verona For $

Dow futures mixed as Wall Street eyes bank earnings, inflation data, and tariff risks in a cautious trading session.

Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.

From the technical point of view, SP500 needs to settle above the resistance level at 6280 – 6290 to gain additional upside momentum in the near term. RSI is in the moderate territory, so there is plenty of room to gain momentum in case the right catalysts emerge. If SP500 settles above the 6290 level, it will head towards the 6350 level.

A fresh bout of technical weakness has dragged the Dow Jones Industrial Average back below 44,400 following a strong bullish performance through the last third of June. The major equity index peaked near 44,800, failing to breach all-time highs north of the 45,000 handle.

U.S. stocks closed higher even though Federal Reserve meeting minutes show no hurry to cut rates and Amazon's Prime Day falls short.

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The consumer price index in June was expected to increase 2.7% from a year ago, according to the Dow Jones consensus estimate.