07:47 AM EDT, 06/11/2025 (MT Newswires) -- The main US stock measures were trending downwards in Wednesday's premarket activity as the US and China agreed on a framework to resolve trade issues, while investors await a key inflation report.

The S&P 500, the Dow Jones Industrial Average and the Nasdaq edged down 0.2% each before the opening bell. The indexes finished the previous trading session higher, with the S&P 500 and the Nasdaq recording their third consecutive day of gains.

US and Chinese officials on Tuesday agreed on a preliminary framework for implementing the trade deal the two countries reached in Switzerland last month, following two days of negotiations in the UK, according to media publications.

The US and Chinese delegations will now take the preliminary proposal back to their respective leaders for final approval, China's chief trade negotiator, Li Chenggang, reportedly said. US Commerce Secretary Howard Lutnick told reporters on Tuesday that he and Trade Representative Jamieson Greer will head back to Washington to seek President Donald Trump's approval for the deal outline, CNBC reported.

A federal appeals court ruled on Tuesday that the Trump administration's tariffs will remain in effect, as it reviews the US Court of International Trade's decision last month to block them on the basis that Trump overstepped his authority by imposing duties under the International Emergency Economic Powers Act.

US Treasury yields moved up in premarket action, with the two-year rate rising 1.9 basis points to 4.03% and the 10-year rate increasing 2.8 basis points to 4.5%.

The consumer price index report for May is scheduled for an 8:30 am ET release. A Bloomberg-polled consensus indicates monthly growth remaining unchanged at 0.2%, with the annual metric rising to 2.5% from 2.3%.

Wednesday's economic calendar also has the weekly mortgage applications bulletin and the weekly EIA domestic petroleum inventories report.

Shares of General Motors ( GM ) nudged 0.7% higher pre-bell as the automaker disclosed plans to invest $4 billion in three of its manufacturing facilities in the US over the next two years. GameStop ( GME ) dropped 4.7% as the video game retailer reported lower fiscal first-quarter sales year over year. GitLab ( GTLB ) fell 12% following the code-hosting provider's latest quarterly results.

Intel's ( INTC ) stock was down 0.9% after closing the previous trading session up 7.8%.

Chewy (CHWY), SailPoint ( SAIL ) and Victoria's Secret (VSCO) report their latest financial results before the bell, among others. Oracle (ORCL) posts earnings after the markets close.

West Texas Intermediate crude oil advanced 1.5% to $65.94 a barrel in premarket activity. Gold inclined 0.3% to $3,352 per troy ounce, while bitcoin decreased 0.4% to $109,396.