U.S. stock futures edged higher on Wednesday as investors awaited the July consumer price index report, which is expected to influence the Federal Reserve's September policy decision. S&P 500 futures were up 0.3%, Nasdaq 100 futures rose 0.7%, and Dow Jones Industrial Average futures added 67 points, or 0.1%. Economists polled by Dow Jones forecast a 3.4% annual increase in consumer prices, down from June's 3.5% rate, with the core reading expected to show a 2.5% annual gain, both remaining above the Fed's 2% target. Premarket gains were also supported by results from CoreWeave, whose stock surged 18% after its second-quarter adjusted operating income margin reached 5%, and Super Micro Computer, which rose 9% on better-than-expected quarterly earnings and revenue, while Nebius traded more than 8% higher. Oil prices weighed on sentiment, with Brent crude holding just under $90 a barrel and U.S. crude topping $83 a barrel, as optimism about a potential Strait of Hormuz shipping agreement continued to erode.
