The Commerce Department’s report on Durable Goods Orders might be the focus on Wednesday.
Asian shares finished mixed, while European shares are trading rather mostly lower.
Early trends on the U.S. Futures Index suggest that Wall Street might open broadly lower.
As of 8.10 am ET, the Dow futures were up 26.00 points, the S&P 500 futures were down 1.00 points and the Nasdaq 100 futures were sliding 21.00 points.
The U.S. major averages finished positive on Tuesday. The Nasdaq climbed 83.26 points or 0.5 percent to 18,271.86, the S&P 500 rose 9.08 points or 0.2 percent to 5,776.65 and the Dow inched up 4.18 points or less than a tenth of a percent to 42,587.50.
On the economic front, the Durable Goods Orders for February will be issued at 8.30 am ET. The consensus is for a decline of 1.0 percent, while it was up 3.1 percent in the prior month.
The Energy Information Administration or EIA’s Petroleum Status Report for the week is scheduled at 10.30 am ET. In the prior week, the Crude Oil Inventories were up 1.7 million barrels and the Gasoline inventories were down 0.5 million barrels.
The Survey of Business Uncertainty for March is expected at 11.00 am ET. In the prior month, the Sales Growth was 3.72 percent.
The 2-year FRN Note auction will be held at 11.30 am ET, while the 5-year Treasury Note Auction will be held at 1.00 pm ET.
Asian stocks ended mostly higher on Wednesday. China’s Shanghai Composite ended little changed at 3,368.70. Hong Kong’s Hang Seng index edged up by 0.60 percent to 23,483.32.
Japanese markets advanced on the day. The Nikkei average climbed 0.65 percent to 38,027.29 while the broader Topix index closed up 0.55 percent at 2,812.89.
Australian markets rose for a fifth straight session. The benchmark S&P/ASX 200 climbed 0.71 percent to 7,999. The broader All Ordinaries index settled 0.72 percent higher at 8,225.10.
European shares are trading mixed. CAC 40 of France is at 0.00 points. DAX of Germany is declining 144.96 points or 0.63 percent. FTSE 100 of England is progressing 21.24 points or 0.25 percent. The Swiss Market Index is declining 64.73 points or 0.50 percent.
Euro Stoxx 50 that provides a Blue-chip representation of supersector leaders in the Eurozone, is down 0.61 percent.
Business News
Wall Street Poised To Open Broadly Lower
2025-03-26 12:34:34
