Jim Cramer’s top 10 things to watch in the stock market Wednesday

1. Wall Street was heading for a higher open that kicked into a higher gear on cooler-than-expected consumer inflation data. The stock market has been slammed recently on economic worries about President Donald Trump’s tariffs.

2. February’s consumer price index rose 2.8% year over year. Core CPI, excluding food and energy prices, gained 3.1% year over year. Both numbers this morning were lower than expected. Wholesale inflation data is out tomorrow.

3. Tariffs went on today. Trump imposed 25% levies on steel and aluminum imports. The U.S. imports nearly 30% of our steel and roughly 80% of aluminum because we have high energy costs. The European Union retaliated.