By the end of yesterday's session, US stock indices closed lower. The S&P 500 dropped by 0.49%, while the Nasdaq 100 lost 0.45%. The industrial Dow Jones slipped by 0.14%.

Futures on European indices rose today, as investors chose to overlook the latest tariff threats from US President Donald Trump and disappointing economic data, shifting their focus instead to a stream of mostly positive corporate earnings reports.

Euro Stoxx 50 futures gained about 0.5%, and US equity futures added around 0.4%. Asian stocks are also rising for the third consecutive day.

On Tuesday, stocks came under pressure after data pointed to a weakening US services sector amid persistent price pressures, triggering concerns over potential political complications for the Federal Reserve. Adding to the uncertainty, Trump escalated his tariff stance, announcing plans to soon impose increased tariffs on countries purchasing energy resources from Russia, as well as new tariffs on imports of semiconductors and pharmaceutical products. This latest radical move will undoubtedly heighten geopolitical tensions and have a significant impact on global trade. The imposition of higher tariffs on energy resources sourced from Russia represents a direct challenge to the energy policy of many nations. In turn, this may lead to a reassessment of energy strategies and a search for alternative sources.

According to the White House, the decision to impose tariffs on imports of semiconductors and pharmaceutical products is aimed at strengthening domestic industry and reducing reliance on foreign suppliers. However, some experts believe that this could prompt retaliatory measures from other countries, leading to trade wars and higher prices for consumers.

Oil prices rose for the first time in five days, while the dollar weakened. Treasury bonds edged lower: the yield on 10-year notes increased by one basis point to 4.22%.

As for the technical picture of the S&P 500, the main task for buyers today will be to overcome the nearest resistance level of $6,331. A break above this mark would support further gains and open the way for a push toward the next level at $6,344. No less important for bulls will be maintaining control above $6,364, which would strengthen their position. In the event of a downward move amid weakening risk appetite, buyers must make a stand near $6,320. A break below this level could quickly push the index back to $6,308 and pave the way toward $6,296.