FX.co ★ US Futures Edge Lower Ahead of Key Data, Earnings

On Wednesday, US stock futures declined as investors prepared for the release of pivotal economic data and the earnings reports of major corporations. The spotlight is on the March PCE price index, the Federal Reserve's favored measure of inflation, and the initial estimate of the first-quarter GDP, both scheduled for release later today. In terms of earnings, all eyes are on tech behemoths Meta Platforms and Microsoft, which are set to announce their results after the close of the trading day, garnering significant investor attention. In after-hours trading, SMCI shares dropped over 15% following the announcement of weaker-than-anticipated preliminary results for its fiscal third quarter. During Tuesday's regular trading session, equities continued their upward trajectory, with the Dow advancing by 0.75% and the S&P 500 rising by 0.58%, marking the sixth consecutive day of gains for both indices. The Nasdaq Composite increased by 0.55%. Market sentiment was buoyed after Commerce Secretary Howard Lutnick suggested that the White House was on the verge of finalizing a trade agreement. Subsequently, President Donald Trump mentioned that a deal with India could soon be reached.