Stock futures were little changed early Wednesday after a record-setting session for Wall Street. Futures tied to the Dow Jones Industrial Average slipped 123 points, or 0.2%. S&P futures pulled back 0.06%, while Nasdaq-100 futures added about 0.02%. The S&P 500 on Tuesday climbed to an all-time high, even as concerns around sticky inflation and President Donald Trump’s trade policies persist. The benchmark hit an intraday record of 6,129.63 and notched a record close at 6,129.58. “The stock market’s resiliency has been impressive year-to-date as investors refuse to ‘back down’ in the face of rising negative sentiment and concerns about tariff and inflation headlines,” Craig Johnson, chief market technician at Piper Sandler, said in a Tuesday note. “We expect market conditions to remain choppy as investors rotate ‘down-cap’ amid declining Treasury yields, weakening crude oil, and a pullback in the U.S. dollar.” Trump on Tuesday floated the notion of imposing a 25% tariff on imported autos, chips and pharmaceuticals. Trump did not specify whether or not the potential duties would be targeted or broad, but did say they could be implemented as soon as April 2. On the data front, the January housing starts report is due at 8:30 a.m. ET. Investors will also look through the minutes from the latest Federal Reserve meeting, set for release at 2 p.m. ET. The Fed kept rates unchanged but expressed concern over the U.S. inflation outlook. U.S. Treasury yields were higher on Wednesday as investors looked to the Federal Open Market Committee meeting minutes and awaited a slew of housing data due this week. The 10-year Treasury yield was up just over 2 basis points at 4.566%, while the 2-year Treasury yield was up less than a basis point at 4.306%. Asia-Pacific stocks traded mixed Wednesday after U.S. President Donald Trump proposed tariffs “in the neighborhood of 25%” on autos, semiconductors and pharmaceutical imports. Japan’s benchmark Nikkei 225 ended the day 0.27% lower at 39,164.61, while the broader Topix index was fell 0.3% to 2,767.25. The country had reported a two-year high trade deficit. In South Korea, the Kospi ended 1.7% higher at 2,671.52, while the small-cap Kosdaq advanced 0.6% to close at 778.27. Mainland China’s CSI 300 ended the day 0.7% higher at 3,940.16, while Hong Kong’s Hang Seng index ended the day 0.14% lower at 22,944.44. Australia’s S&P/ASX 200 fell 0.73% to close at 8,419.20, a day after the country’s central bank cut rates by 25 basis points to 4.10%, marking its first easing since November 2020. Oil prices edged up on Wednesday, buoyed by concern over oil supply disruptions in Russia and the U.S. while the market awaits clarity on sanctions as the U.S. attempts to broker a deal to end the war in Ukraine. Brent crude futures were up 60 cents, or 0.8%, at $76.44 a barrel, on track for a third day of gains. U.S. West Texas Intermediate crude futures for March rose 63 cents, or 0.9%, to $72.48, up 2.4% from the previous close before Monday’s U.S. public holiday. The March contract expires on Thursday and the more active April contract gained 60 cents, or 0.8%, to $72.43. Gold prices held steady on Wednesday, with investors watching out for peace talks after U.S. President Donald Trump’s administration agreed to conduct more discussions with Russia on ending the war in Ukraine. Spot gold steadied at $2,938.13 an ounce, as of 0831 GMT, but was only $4 shy of its all-time high of $2,942.70 hit last week. U.S. gold futures added 0.2% to $2,956.20.