Stocks Mostly Rise Pre-Bell as Traders Await Latest Producer Prices Report, Parse Tariff Developments

07:36 AM EDT, 09/10/2025 (MT Newswires) -- The main US stock measures were mostly pointing higher in Wednesday's premarket activity as investors await last month's data on producer prices and assess the latest developments related to President Donald Trump's tariffs.

The S&P 500 rose 0.3% and the Nasdaq added 0.2% before the opening bell, while the Dow Jones Industrial Average edged down 0.1%. The indexes finished Tuesday in the green for the second consecutive trading session, recording fresh all-time highs.

The producer price index report for August, a measure of wholesale prices, is scheduled to be released at 8:30 am ET. Consumer inflation data is due on Thursday.

"So even if we get an upside surprise to US inflation on Thursday, the Federal Reserve will very likely be cutting interest rates next week and follow up with (25-basis-point) moves in October and December," James Knightley, ING chief international economist in New York, said in a Tuesday report.

Markets are currently pricing in a 90% probability that the Federal Open Market Committee will reduce its benchmark lending rate by a quarter percentage point on Sept. 17, with the remaining odds in favor of a 50-basis-point cut, according to the CME FedWatch tool.

The Bureau of Labor Statistics said Tuesday that nonfarm payrolls growth was 911,000 lower than previously reported for the year through March. Last week, the BLS reported that total nonfarm payrolls rose by 22,000 in August, well below the 75,000 increase that Wall Street had expected.

Treasury yields were up before the open, with the two-year rate increasing 0.6 basis points to 3.55% and the 10-year rate gaining 1.5 basis points to 4.09%.

Meanwhile, the US Supreme Court agreed to hear the Trump administration's oral arguments challenging a lower court ruling on tariffs in early November, according to an order released Tuesday. Trump was seeking an immediate hearing with the high court on his reciprocal tariffs following a recent ruling by the US Court of Appeals for the Federal Circuit that most of them are illegal.

In a late Tuesday post on Truth Social, Trump said the US is "continuing negotiations" with India to "address the trade barriers" between the two countries. The post comes amid a Financial Times report that said the US leader has asked the European Union to impose 100% duties on India and China to put pressure on Russia due to its war with Ukraine.

The White House previously hiked tariffs on India to 50% in response to the country's continued purchasing of sanctioned Russian oil.

Wednesday's economic calendar also has the weekly mortgage applications bulletin and the weekly EIA domestic petroleum inventories report.

Shares of Oracle (ORCL) surged 30% pre-bell as the cloud computing company said its contract backlog will likely exceed half a trillion dollars due to strong demand over the coming months, even though its fiscal first-quarter results missed market expectations. Synopsys (SNPS) dropped 22% as the software company lowered its full-year earnings outlook. GameStop (GME) jumped 10% following its latest quarterly results.

Chewy (CHWY) is expected to report its latest financial results before the bell, while Oxford Industries (OXM) posts earnings after the markets close.

West Texas Intermediate crude oil inclined 0.6% to $63 a barrel in premarket activity. Gold nudged 0.3% higher to $3,693 per troy ounce, while bitcoin advanced 0.9% to $112,255.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.