Stock futures are little changed as investors grapple with inflation and trade fears: Live updates​on February 13, 2025 at 12:40 pm

Stock futures were slightly higher Thursday as traders awaited more inflation stats while global trade fears lingered.

Futures tied to the S&P 500 rose 0.1%, while Nasdaq 100 futures added 0.2%. Dow Jones Industrial Average futures advanced 48 points, or 0.1%.

The January producer price index is due for release at 8:30 a.m. ET. Economists polled by Dow Jones expect an increase of 0.3%.

Wall Street is also grappling with rising global trade tension. On Wednesday, the White House said President Donald Trump would impose reciprocal tariffs on imported goods before meeting with Indian Prime Minister Narendra Modi. Trump on Thursday posted on Truth Social that “today in the big one: reciprocal tariffs.”

Wall Street is coming off a choppy session after a release on consumer inflation came in hotter than expected. The Dow fell more than 200 points, and the S&P 500 shed 0.3%. The tech-heavy Nasdaq Composite, meanwhile, ended marginally above its flatline.

“This is a tough inflation report to get while the White House is looking at further tariffs with consumer inflation expectations jumping higher,” said Scott Helfstein, head of investment strategy at Global X, referring to the consumer price index. “While this does not blunt our optimism yet on both the economy and stocks, it does bear watching closely.”

Earnings season continues, meanwhile, with Airbnb, Coinbase and Palo Alto Networks among the companies expected to report after Thursday’s closing bell. Of the more than 69% of S&P 500-listed firms that have already posted results, nearly 77% have surpassed Wall Street expectations, according to FactSet.

Reddit shares sank more than 13% in premarket trading as quarterly user figures underwhelmed Wall Street. On the other hand, Dutch Bros surged about 25% after the coffee shop chain reported stronger-than-expected earnings and same-store sales that surpassed expectations.