Wall Street futures pointed moderately lower pre-bell Wednesday after tech titans Alphabet (GOOG, GOOGL) and Advanced Micro Devices (AMD) posted tempered earnings and forecast reports after-bell Tuesday.
Alphabet shares traded down 6.9% in morning hours, while chipmaker Advanced Micro Devices shares declined 8.2%.
In the futures, the S&P 500 fell 0.5%, the Nasdaq declined 0.9% and the Dow Jones was off 0.2%.
Asian exchanges traded unevenly overnight, while European bourses edged sideways midday on the continent.
Disney (DIS), Boston Scientific (BSX) and Uber Technologies (UBER) plan to report earnings pre-bell, among others.
On the economic calendar is the weekly MBA mortgage applications bulletin at 7 am ET, followed by the January ADP private-sector employment report at 8:15 am.
The international trade in goods and services bulletin for December posts at 8:30 am ET, followed by the S&P Global PMI composite final for January at 9:45 am, and then the ISM services index for January at 10 am.
The weekly EIA domestic petroleum status report posts at 10:30 am.
Richmond Federal Reserve President Thomas Barkin speaks at 9 am, Chicago Federal Reserve President Austan Goolsbee at 2:30 pm, Governor Michelle Bowman at 3 pm, and Vice Chair Philip Jefferson at 7:30 pm.
In premarket action, Bitcoin traded at $97,918, West Texas Intermediate crude oil traded lower at $72.20, and 10-year US Treasuries offered 4.47%.
Spot gold traded for $2,874 an ounce, testing fresh record highs.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.