Investing.com – U.S. futures pointed to the stock market extending its declines Wednesday as investors focus on more earnings from corporate heavyweights.
The S&P 500 futures fell 15 points or 0.57% to 2,730.50 as of 6:52 AM ET (10:52 GMT) while Dow futures were down 110 points, or 0.44%, to 25,134.0. Meanwhile, tech heavy Nasdaq 100 futures decreased 47 points, or 0.67%, to 7,092.50.
The busiest week of third-quarter earnings continues, with Boeing (NYSE:BA) and AT&T (NYSE:T) expected to report before the morning bell. Investors will be looking for clues on the impact the U.S.-China trade war is having on international companies like Boeing.
Ford Motor Company (NYSE:F), Microsoft (NASDAQ:MSFT), Tesla (NASDAQ:TSLA), and Visa (NYSE:V) are set to report after the bell. Tesla was up 1.65% while Ford inched down 0.35%, Microsoft declined 0.63% and Visa rose 0.17%.
Meanwhile Netflix (NASDAQ:NFLX) slumped 1.55% while Intel (NASDAQ:INTC) dipped 1.12% and Fiat Chrysler Automobiles NV (NYSE:FCAU) slipped 3.74%.
On the data front, the house price index comes out at 9:00 AM ET (13:00 GMT), while the PMI composite flash is at 9:45 AM ET (13:45 GMT), and new home sales numbers come out at 10:00 AM ET (14:00 GMT).
A number of Federal Reserve speakers are also on tap today, with appearances from Atlanta Federal Reserve Bank President Raphael Bostic, St. Louis Fed President James Bullard, Cleveland Fed President Loretta Mester Fed Bank Governor Lael Brainard.
In commodities, gold futures rose 0.01% to $1,233.50 a troy ounce while crude oil futures decreased 0.15% to $66.33 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, surged 0.45% to 96.14.