US stock futures hovered around baseline as Wall Street braced for a busy day of Big Tech earnings and digested President Trump’s latest move on tariffs.

Futures attached to the Dow Jones Industrial Average (YM=F) traded flat. Futures attached to the benchmark S&P 500 (ES=F) dipped 0.2%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) fell 0.4%.

CBOT – Delayed Quote • USD

As of 8:12:19 PM EDT. Market Open.

YM=F ES=F NQ=F

Stocks gained ground on Tuesday as investors found new reason to believe that Trump’s upbeat stance on tariff negotiations will result in the new duties ultimately being dialed down.

Read more: The latest on Trump’s tariffs

Trump signed an Executive Order paring back key parts of tariffs affecting automakers, and Commerce Secretary Howard Lutnick said that a trade deal with an unnamed country was “done, done, done, done.”