Stocks logged small gains Wednesday on two major indexes, despite uninspiring economic reports and some ominous words from the president-elect. The S&P 500 finished the day up 0.2%. The Dow Jones Industrial Average closed up 0.

President-elect Donald Trump is reportedly weighing a national economic emergency declaration to justify broad tariffs on allies and adversaries. Trump’s team is exploring legal frameworks, including the International Economic Emergency Powers Act,

U.S. stock index futures slipped in choppy trading on Wednesday, as investors assessed a CNN report that said President-elect Donald Trump was mulling a national economic emergency declaration, while a tick up in Treasury yields also pressured riskier stocks.

CNN reported on Wednesday, citing sources familiar with the matter, that the president-elect of the USA, Donald Trump, is considering declaring a state of emergency in the national economy to provide legal justification for implementing a series of widespread tariffs.