U.S. stock-index futures suggested a steady open for equities Wednesday, a day after a four-session win streak was brought to a halt amid concerns about coronavirus treatments and vaccines.
Meanwhile, investors have been parsing corporate earnings from prominent banks to assess the impact of COVID-19 on businesses.
The U.S. economic calendar on the day is light but investors await an inflation reading of producer prices.
How are stock benchmarks performing?
Futures for the Dow Jones Industrial Average YM00, +0.00% YMZ20, +0.00% were off 14 points, or less than 0.1%, at 28,571; those for the S&P 500 index ES00, -0.10% ESZ20, -0.10% were down 6.8 points at 3,498, a decline of 0.2%; while Nasdaq-100 futures NQ00, +0.18% NQZ20, +0.18% were giving up 15.50 points, or 0.1%, at 12,078.50.
On Tuesday DJIA, -0.54% fell157.71 points or 0.55% to 28679.81, while the S&P 500 SPX, -0.63% fell 22.29 points or 0.63% to 3,511.93. The Nasdaq Composite COMP, -0.10% edged 12.36 points lower, or 0.1%, to close at 11,863.90. All three major equity benchmarks snapped four-day winning streaks.
What’s driving the market?