US stock futures pared early losses to trade near the flatline on Wednesday, as investors awaited a fresh round of corporate earnings and the PPI report, which is expected to offer further insight into inflation trends - particularly whether tariff-related price pressures are beginning to appear in the data. Bank of America shares rose nearly 1.2% in premarket trading after the lender reported better-than-expected earnings, though revenue came in below forecasts. Goldman Sachs and Morgan Stanley are also scheduled to report results before the opening bell. Elsewhere, Johnson & Johnson gained 1.4% after beating earnings expectations and raising its full-year outlook. Meanwhile, trade developments remained in focus, as President Donald Trump said tariffs on pharmaceuticals could be introduced by August 1st, with potential additional levies on semiconductors also under consideration.