U.S. stock futures showed little change on Wednesday as investors awaited important July consumer inflation data for confirmation that price growth continues to slow. During regular trading on Tuesday, the Dow and S&P 500 indices rose by 1.04% and 1.69%, respectively, while the Nasdaq Composite climbed 2.43%. These gains came as investors reacted positively to lower-than-expected producer inflation data, which supported bets on a more significant rate cut by the Federal Reserve in September. Chipmakers and other tech giants led the gains, including Nvidia (6.5%), AMD (3.2%), SMCI (4.9%), Tesla (5.2%), and Meta Platforms (2.4%). Starbucks also surged 24.5% following the appointment of Brian Niccol from Chipotle as the new CEO, signaling a potential shift. Meanwhile, Alphabet's shares fell 0.8% in extended trading on news that the U.S. Department of Justice is considering breaking up Google over antitrust issues.