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Stocks were set to rebound on Wednesday as investors looked past President Donald Trump’s latest tariff threats and more data that pointed to U.S. economic weakness.
Futures tracking the Dow Jones Industrial Average rose 136 points, or 0.3%. S&P 500 futures were up 0.3%, and contracts tied to the Nasdaq 100 climbed 0.2%.
All three of the blue-chip indexes finished in the red the previous session after Trump said he would soon unveil tariff rates for semiconductors and pharmaceuticals and the Institute for Supply Management’s services industry survey unexpectedly fell. The contraction has stoked fears that the economy could be headed for a period of stagflation–a toxic combination of persistent inflation and sluggish growth.
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