Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.

Dow futures are falling, the S&P 500 and Nasdaq are rising in premarket trading as the stock market considers the threat of President Donald Trump Firing Fed Chair Jerome Powell.

US Stock market today ended higher as the Dow Jones, S&P 500, and Nasdaq all posted modest gains amid upbeat earnings reports and a surprise jump in retail sales. Investors are cautiously optimistic despite political tension as President Trump continues pressuring Fed Chair Jerome Powell over interest rate cuts.

Viatris Inc. closed 34.10% below its 52-week high of $13.55, which the company achieved on November 25th.

SP500 moved above the 6300 level as traders focused on the better-than-expected Retail Sales data. NASDAQ managed to climb above the 23,000 level. Dow Jones settled above the 44,500 level. SP500 tests new highs as traders focus on economic reports.

Stocks were taken on a wild ride Wednesday as a White House official indicated to CNBC that Trump was moving closer to firing Powell from his post as Fed Chair.

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Trump’s tariffs and the trade war continue to roil global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.