US stock futures held steady after a strong trading session on Wall Street, where the S&P 500 erased its losses for 2025.

The S&P 500 and Nasdaq are also pointing higher before the market opens. Treasury yields and Bitcoin are rising.

Stocks closed mostly higher on Tuesday after the release of encouraging inflation data, adding to big gains posted the previous session following a de-escalation in the trade spat between the U.S. and China.

The U.S.-China tariff negotiations appeared to yield "a broad framework under which the two nations can conduct further talks," an analyst said.

Stocks were headed for big gains on Monday after the U.S. and China said that they had reached a deal to slash tariffs on each other’s goods. Futures tracking the Dow Jones Industrial Average soared 965 points,

Monthly data for the consumer price index showed that prices rose 0.2% in April, which is what analysts on Wall Street had forecasted. That puts CPI at 2.3% year-over-year and core CPI at 2.8%. Bullish stock-index futures traders appeared pleased with the data.

The pause in U.S.-China tariffs fueled a Monday stock rally. April's Consumer Price Index will be released at 8:30 a.m. ET. Follow along for live updates on the Dow, S&P 500 and Nasdaq.