Investing.com – U.S. futures pointed to a lower opening bell, as investors paused to digest earnings results and waited for the latest meeting minutes from the Federal Reserve.
The S&P 500 futures fell 7 points or 0.27% to 2,810.25 as of 6:50 AM ET (10:50 GMT) while Dow futures were down 76 points, or 0.29%, to 25,706.0. Meanwhile tech heavy Nasdaq 100 futures decreased 19 points, or 0.26%, to 7,334.50.
Earnings season continues, with financial results from Abbott Laboratories (NYSE:ABT) and US Bancorp (NYSE:USB) in the morning, and United Rentals Inc (NYSE:URI) and Kinder Morgan (NYSE:KMI) due after the close.
Netflix (NASDAQ:NFLX) was among the top gainers in premarket trading, surging 10.13% after it added more subscribers than expected in the third quarter. Meanwhile, Tesla (NASDAQ:TSLA) gained 0.67% while Facebook (NASDAQ:FB) rose 0.46% and American Airlines Group (NASDAQ:AAL) increased 4.18%.
Elsewhere IBM (NYSE:IBM) dipped 3.94% after its earnings came in less than expected.
Investors will also pay close attention to the latest meeting minutes from the Fed, which are released at 2:00 PM ET (18:00 GMT). Expectations of a rate hike in December are priced in at around 83%.
U.S. President Donald Trump continued to criticize the central bank, saying it was his “biggest threat” because it was “raising rates too fast.”
On the data front, building permits and housing starts come out at 8:30 AM ET (12:30 GMT).
In commodities, gold futures fell 0.15% to $1,229.20 a troy ounce while crude oil futures decreased 0.56% to $71.52 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was up 0.15% to 94.92.