U.S. stock futures fell in early trading Wednesday as investors awaited an update from the Federal Reserve on the state of the economy and status of any further stimulus from the central bank.
Dow Jones Industrial average futures lost 99 points, or 0.4%. The move implied an opening loss of about 92 points. S&P 500 futures lost 0.2%.
But Nasdaq-100 futures gained 0.1% as investors continued their rotation back into the technology stocks that led the start of the market’s comeback from its March coronavirus lows. The Nasdaq Composite Index hit a record on Tuesday.
Shares of Amazon and Apple gained in premarket trading Wednesday.
The Dow and S&P 500 were under pressure on Tuesday as stocks benefiting from the economic reopening fell broadly. The Dow fell 300 points or 1.1%, snapping a 6-day winning streak. The 30-stock average was dragged down by a 5.9% drop in Boeing. The S&P 500 lost 0.8% on Tuesday. The index briefly turned positive for the year on Monday.
Source : CNBC