U.S. stock futures traded near the flatline Tuesday night as Wall Street awaited the latest consumer price index data for insights on the pace of inflation. Part of the market decline Tuesday "is just a little bit of a profit-taking based on the strong gains — especially post election — and some of it may be just some positioning ahead of tomorrow's inflation report and Friday's retail sales report,

U.S. equity futures edged lower in early Wednesday trading, while Treasury yields moved higher and the dollar steadied, as investors looked to a key inflation reading that could accelerate repricing of the so-called 'Trump Trade' and test the market's solid post-election rally.