Wall Street futures are wavering after Wall Street suffered its worst day in more than two years.

The producer price index, a gauge of prices received at the wholesale level, declined 0.1%, according to a Bureau of Labor Statistics report Wednesday. Excluding food, energy and trade services, core PPI increased 0.2%.

Market Snapshot

At 8:46 a.m. ET, Dow e-minis were up 52 points, or 0.17%, S&P 500 e-minis were up 11 points, or 0.28%, and Nasdaq 100 e-minis were up 46.75 points, or 0.39%.

Pre-Market Movers

Starbucks– Shares of Starbucks gained nearly 1% after the companyboosted its long-term forecast and said it expects double-digit growthfor revenue and earnings per share over the next three years.

Palo Alto Networks– Cybersecurity company Palo Alto Networks rose slightly following a three-for-one stock split, which took place on Tuesday. In addition,CEO Nikesh Arora told CNBCthat the company is not seeing the same macro impact slowdown on cybersecurity that other sectors are experiencing.

Nucor—Nucor fell 5% after the steel producer issued disappointing third-quarter earnings guidance. The company expects earnings per share to range between $6.30 and $6.40, well below a StreetAccount forecast of $7.56. “We expect the steel mills segment earnings to be considerably lower in the third quarter of 2022 as compared to the second quarter of 2022, due to metal margin contraction and reduced shipping volumes,” Nucor said.