Stock futures were on the rise Wednesday as investors weighed inflation data and awaited further earnings results.
The Nasdaq 100 was leading gains as investors became optimistic about technology stocks again after ASML earnings . The semiconductor-equipment manufacturer lifted its annual sales guidance for the second time as the race to build artificial-intelligence infrastructure turns chips into a hot commodity.
Investors are now awaiting results from Johnson & Johnson, Morgan Stanley, BlackRock, and United Airlines.
"The environment has shifted and has a renewed focus on cash flow, earnings and company specific execution, rather than multiple expansion and broader AI enthusiasm," said UBS Wealth Management.
Attention is also turning to the June producer price report and the second day of Fed Chairman Kevin Warsh's testimony before Congress after he reiterated his commitment to price stability Tuesday.
