U.S. stock futures slip as ahead of a busy day for Fed speakers


U.S. stock futures were trading lower on Wednesday, as investors looked for fresh catalysts to move the market higher and waited to hear from a cluster of Federal Reserve speakers.

How are stock-index futures trading?
  • S&P 500 futures

    slipped 0.3%, or 13.2 points, to 4,164.25

  • Dow Jones Industrial Average

    futures fell 0.2%, or 75 points, to 34,132

  • Nasdaq-100 futures

    dipped 0.2%, or 34.75 points, to 12,783.75

On Tuesday, the Dow industrials

surged 265.67 points, or 0.8%, to 34,156.69, the S&P 500 

 gained 52.92 points, or 1.3%, to finish at 4,164, and the Nasdaq Composite 

jumped 226.34 points, or 1.9%, to end at 12,113.79.

What’s driving the markets?

Stocks rallied Tuesday in choppy action after Fed Chairman Jerome Powell predicted a sharp decline in inflation this year, but also said more interest-rate hikes will be needed.

“The downside risk to Powell’s comments is that while inflationary pressures are easing in the goods economy, the services sector, which has more sticky inflation components, could underpin high inflation for much longer than anticipated,” said Peter Garnry, head of equity strategy at Saxo Bank, in a note to clients.

Investors will get fresh insight from Fed officials on Wednesday, kicking off with an appearance by New York President John Williams at 9:15 a.m. Eastern, followed by Fed Gov. Lisa Cook at 9:30 a.m., Vice Chair Michael Barr and Atlanta President Raphael Bostic at 10 a.m., Minneapolis President Neel Kashkari at 12:30 a.m., then Fed Gov. Christopher Waller at 1:45 p.m.

Revised wholesale inventories are due at 10 a.m.


and 2-year

bond yields were slipping, while the dollar

was falling and oil prices

were higher.

Read: The bond market is flashing a warning that U.S. stocks could be headed lower

Elsewhere, late Tuesday in his State of the Union address late Tuesday, President Joe Biden called for a quadrupling of the tax on corporate stock buybacks, as well as pledging to cut the deficit by $2 trillion.

Read: Why Biden’s 4% buyback tax could boost stock prices and dividends

More earnings news is ahead, with Uber Technologies Inc.,
Yum Brands Inc.

and CVS Health Corp.

due ahead of the market open, followed by Walt Disney Co.
Wynn Resorts Ltd.
Robinhood Markets Inc.
among others, after the close.

Shares of Manchester United surged 13% in premarket trading after a report that a Qatari bid was imminent for the U.K. football club.


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Jacob Keiter is a husband, a writer, a journalist, a musician, and a business owner. His journey to becoming a writer was one that was paved with challenges, but ultimately led him to find his true calling. Jacob's early years were marked by a strong desire for creative expression. He was always drawn to music, and in his youth, he played in several bands, chasing the elusive promise of fame and success. However, despite his best efforts, Jacob struggled to find the recognition he craved. It wasn't until he hit a low point in his life that Jacob discovered his love for writing. He turned to writing as a form of therapy during a particularly difficult time, and found that it not only helped him to cope with his struggles, but also allowed him to express himself in a way that he had never been able to before. Jacob's writing skills quickly caught the attention of others, and he soon found himself working as a journalist for The Sun out of Hummelstown. From there, he went on to contribute to a variety of publications, including the American Bee Journal and Referee Magazine. Jacob's writing style is reflective of traditional journalism, but he also infuses his work with a unique voice that sets him apart from others in his field. Despite his success as a writer, Jacob also owns another business, JJ Auto & Home, which specializes in cleaning. Jacob's commitment to excellence is evident in all of his endeavors, whether it be in his writing or in his business ventures. Today, Jacob is the author of two books and continues to inspire others through his writing. His journey to becoming a writer serves as a reminder that sometimes our darkest moments can lead us to our greatest achievements.

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