U.S. stock futures edged lower and markets in were up in early trading even as Volkswagen, Mercedes-Benz and Stellantis joined the growing chorus of companies, cautioning about their forward guidance.

Global stocks rose for the most part Wednesday, digesting mixed economic data as more companies pull back from earnings forecasts amid uncertainty over US President Donald Trump's fast-changing trade policy.

Stocks mostly rose Wednesday ahead of key US economic and earnings reports, while traders took in their stride data showing Chinese factory activity contracted at its fastest pace for nearly