U.S. stock futures rose Wednesday as investors ramped up bets on a September Federal Reserve interest rate cut, with CME FedWatch odds climbing above 85%. Major indexes recovered from Tuesday losses, driven by strong earnings beats from Apple which surged over 4% and other S&P 500 companies reporting better-than-expected profits. Economic data this week underscored uneven growth, with a flat July services PMI and disappointing jobs revisions fueling volatility before the rebound. President Trump’s new tariffs on Indian imports and proposed levies on pharmaceuticals and semiconductors increased pressure on markets already navigating global trade disputes. Political moves, including the firing of the Bureau of Labor Statistics commissioner and the unexpected resignation of a Fed governor, heightened uncertainty around economic policy decisions.
