The major indexes remain at or near record highs while navigating a plethora of catalysts, including earnings, economic data, tariffs, and Trump-Powell drama.

(Reuters) -Futures tracking the S&P 500 and the Nasdaq fell on Wednesday as signs that U.S. tariff policies were clouding corporate outlooks and spurring inflation weighed on record-high markets. U.S.

Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. United AirlinesUAL reported mixed results late Wednesday. NvidiaNVDA chipmaker Taiwan SemiconductorTSM headline earnings early Thursday with NetflixNFLX due after the close.

The major U.S. index futures traded modestly lower early Wednesday after a lackluster performance in the previous session. More inflation data is on the horizon, even as traders await clarity on the tariff front and anxiously hope for a healthy second-quarter earnings season.

The S&P 500 and Nasdaq futures dropped, impacted by U.S. tariff policies and rising inflation concerns. Semiconductor stocks and financial earnings remain under scrutiny. Investors keenly watch upcoming producer prices data for further inflation insights amidst ongoing trade tensions and potential Federal Reserve rate decisions.

ASML dived on guidance before the openOn Tuesday, Nvidia, AMD and CoreWeave jumped on AI news, but masked broader stock market weakness.

U.S. stock futures traded mixed early Tuesday after the major averages defied the tariff uncertainty and closed in the green in the previous session. The tariff headwinds continue unabated as the European Union said it is readying a list of U.