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

US stock market rises as Dow Jones Industrial Average rose slightly on Wednesday, gaining 88 points (0.3%) as investors reacted to better-than-expected bank earnings from Goldman Sachs, Morgan Stanley,

Stocks were taken on a wild ride Wednesday as a White House official indicated to CNBC that Trump was moving closer to firing Powell from his post as Fed Chair.

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.

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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.

This was the stock's third consecutive day of losses.

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.

June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.

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