U.S. stock futures fell on Wednesday as geopolitical and trade concerns continued to nag at investors, taking the wind out of a rally seen at the start of the week.
Earnings from Target Corp. and then later the release of minutes from the latest Federal Open Market Committee meeting are among the highlights of the session ahead.
What are markets doing?Dow Jones Industrial Average futures YMM8, -0.54% slipped 54 points, or 0.2%, to 24,792, while S&P 500 futures ESM8, -0.47% lost 5.6 points, or 0.2%, to 2,720.50. Nasdaq-100 futures NQM8, -0.74% fell 29.75 points, or 0.4%, to 6,879.75.
On Wednesday, the Dow Jones Industrial Average DJIA, -0.72% dropped 178.88 points, or 0.7%, to reach 24,834.41. The S&P 500 SPX, -0.31% lost 0.3% to end at 2,724.44, while the Nasdaq Composite Index COMP, -0.21% shed 15.58 points, or 0.2%, to close at 7,378.46.
Read: Why the end is coming soon for the biggest tech bubble we��ve ever seen
What��s driving the market?Trade and geopolitical concerns continued to overshadow markets on Wednesday. President Donald Trump told reporters he wasn��t really happy with the progress of U.S.-China trade talks, and hinted that his summit with North Korean leader Kim Jong Un may not go ahead as planned.
Fiscal stimulus may swing back into focus after Trump said Tuesday evening that his administration will be ��submitting additional tax cuts sometime before November. It��s going to be something very special.��
What��s on the economic docket?Markit��s May purchasing managers�� indexes for both manufacturing and services are scheduled for release at 9:45 a.m. Eastern Time. New-home sales for April are due at 10 a.m. Eastern.
At 2 p.m. Eastern, the minutes of the May meeting of Federal Reserve policy makers will be released.
Check out: Fed may float new ideas to market in the minutes
Which stocks are in focus?Lowe��s Companies Inc. LOW, -1.88% �, Target Corp. TGT, -1.82% �, Tiffany & Co. TIF, -0.97% � and Ralph Lauren Corp. RL, -0.40% � are expected to report earnings ahead of the open, with the financial update from L. Brand Inc. LB, -0.18% �due after the close.
Read: Target earnings preview �� shoppers are showing up for the exclusive brands
Banks could be in focus after the House on Tuesday voted for a plan to roll back parts of the 2010 Dodd-Frank financial law. The move would ease rules placed on small and midsize banks during the financial crisis.
Wynn Resorts Ltd. WYNN, -0.15% �shares could be active after shareholders voted against the company��s executive compensation plan.
What did other markets do?Asian markets had a rough session, with the Nikkei NIK, -1.18% �dropping more than 1% on yen strength. European stocks SXXP, -0.70% SXXP, -0.70% are set to open lower.
The ICE Dollar Index was steady, but the greenback is also lower against the pound GBPUSD, -0.4095% �. The 10-year U.S. Treasury note yield TMUBMUSD10Y, -1.38% �dipped to 3.05%.
A pullback for U.S. oil futures CLM8, -0.21% continued to pull lower. Gold futures GCM8, -0.02% were steady at $1,291.60 an ounce.
Read: Here��s what an ��oil shock�� would mean for the global economy
Economic preview: Rising rates, higher gas have failed to kill the economic expansion
Related Topics U.S. Stocks Markets NY Stock Exchange NASDAQ Quote References YMM8 -134.00 -0.54% ESM8 -12.75 -0.47% NQM8 -51.25 -0.74% DJIA -178.88 -0.72% SPX -8.57 -0.31% COMP -15.58 -0.21% LOW -1.64 -1.88% TGT -1.40 -1.82% TIF -1.00 -0.97% RL -0.47 -0.40% LB -0.06 -0.18% WYNN -0.30 -0.15% NIK -270.60 -1.18% SXXP -2.79 -0.70% GBPUSD -0.0055 -0.4095% TMUBMUSD10Y -0.04 -1.38% CLM8 -0.15 -0.21% GCM8 -0.30 -0.02% Show all references MarketWatch Partner Center Most Popular
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Barbara Kollmeyer Barbara Kollmeyer is an editor for MarketWatch in Madrid. Follow her on Twitter @bkollmeyer.
Barbara Kollmeyer Barbara Kollmeyer is an editor for MarketWatch in Madrid. Follow her on Twitter @bkollmeyer.
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Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. Advanced Search Stocks Columns Authors Topics No results found E-Mini Dow Jun 2018 U.S.: CBOT: YMM8 $24,711.00 -134.00 (-0.54%) | Volume | 24556 |
| Open | $24,836 |
| High | $24,845 |
| Low | $24,686 |
| P/E Ratio | 0 |
| Div Yield | 0 |
| Market Cap | N/A |
| Volume | 78181 |
| Open | 2,725 |
| High | 2,726 |
| Low | 2,711 |
| P/E Ratio | 0 |
| Div Yield | 0 |
| Market Cap | N/A |
| Volume | 33557 |
| Open | 6,906 |
| High | 6,908 |
| Low | 6,846 |
| P/E Ratio | 0 |
| Div Yield | 0 |
| Market Cap | N/A |
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