US stock futures hovered near the flatline on Wednesday, as investors awaited a fresh round of corporate earnings, including results from Tesla Inc., and key mortgage application data that could influence the Federal Reserve’s rate outlook.
At 10:10 am ET, futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 were all trading flat, signaling a cautious tone across Wall Street. Market participants are watching whether the upcoming mortgage figures could provide any indication of easing inflationary pressures and possibly pave the way for a Fed rate cut in the coming months.
Meanwhile, the euro remained unchanged against the US dollar, trading at $1.1590 at 4:18 am ET, reflecting muted movement in the broader currency markets.
The session follows a mixed close in the previous day’s trade as investors digested corporate results and weighed ongoing macroeconomic uncertainty. With big tech earnings continuing through the week and the Fed’s next meeting approaching, analysts expect short-term volatility to persist.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
