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.

The Dow Jones Industrial Average is set to achieve a golden cross today, a potentially bullish sign for the index. Golden crosses happen when the short-term moving average of a stock or index passes its long-term moving average,

Dow Jones futures edged higher early Wednesday, while S&P 500 futures and Nasdaq futures fell slightly. Chip-gear giant ASMLASML tumbled on guidance with Goldman SachsGS and more big banks on tap before the open,

The Dow Jones fell on Tuesday, but still remains within recent consolidation. Equities backslid after US CPI inflation came in hotter in June, stoking Fed rate concerns. Large bank earnings also came in mixed or lower,