Earnings, Inflation Outlook Damp Wall Street Pre-Bell; Asia Mixed, Europe Flat

07:11 AM EDT, 07/16/2025 (MT Newswires) -- Wall Street futures pointed modestly lower pre-bell Wednesday as traders awaited another inflation report from Washington, and digested earnings season results.

The producer price index (PPI) for June will post at 8:30 am ET, with pundits projecting a 2.5% year-on-year gain, and a 2.7% lift on core PPI that strips out certain food and energy bills.

In the futures, the S&P 500 fell 0.1%, the Nasdaq declined 0.2% and the Dow Jones was flat.

Bank of America (BAC) gained 1.8% pre-bell after reporting Q2 earnings above Street views early Wednesday.

Johnson & Johnson (JNJ) rose 1.4% in premarket trading after the health industry giant reported Q2 earnings and revenue above expectations, and boosted guidance.

Asian exchanges traded mixed and muted overnight, while European bourses tracked sideways at midday on the continent.

Also on the economic calendar is the June industrial production bulletin at 9:15 am ET.

The weekly EIA petroleum status report posts at 10:30 am ET.

Richmond Fed President Thomas Barkin, Cleveland Fed President Beth Hammack, Governor Michael Barr, and New York Fed President John Williams speak on Wednesday.

The Federal Reserve Beige Book, a compendium of business and financial reports from the 12 regional branches, will be released at 2 pm ET.

In pre-market action, Bitcoin traded at $119,213, West Texas Intermediate crude oil traded lower at $63.39, and 10-year US Treasuries offered 4.48%. Spot gold traded for $3,339 an ounce.

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