Investing.com - U.S. stock futures pointed to a mixed open on Wednesday, amid sustained concerns over the euro zone’s debt crisis after Standard & Poor’s cut its rating on 15 global banking companies.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.28%, S&P 500 futures signaled a 0.22% gain, while the Nasdaq 100 futures indicated a 0.58% loss.
On Tuesday, euro zone finance ministers agreed on a plan to expand the region’s bailout fund, but said its capacity to assist indebted nations would not be as large as initially hoped.
The ministers also signed off on Greece’s next tranche of bailout aid.
Meanwhile, financial stocks were broadly hit after S&P reduced its credit ratings on 15 global banks as part of a wider overhaul of the agency’s ratings.
Goldman Sachs saw shares tumble 1.79% after is rating was cut to "A-" from "A," as was the rating for Bank of America, whose shares subsequently plunged 3.24%.
Also hit by the ratings agency, JPMorgan plummeted 2.06% while Citigroup advanced 0.76%.
Elsewhere, shares in Omnivision Technologies dove 4.52% after the primary supplier of camera sensors for the iPhone 4S forecast third-quarter earnings below analyst estimates.
Apple saw shares decline 0.78% after losing a legal battle with Samsung Electronics, which is set to resume selling its Galaxy tablet computer in Australia as early as Friday.
Meanwhile, American Airlines parent AMR Corp. saw shares sink 83.95% after filing for bankruptcy on Tuesday, placing up to USD40 billion of Boeing jet orders at the mercy of a U.S. bankruptcy court.
Shares in Boeing were up 0.42% despite the news.
Other stocks in focus included Newmont Mining Corp., which announced the suspension of construction work at its Conga project in Peru in agreement with the government, for the safety of employees and the community.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 rose 0.84%, France’s CAC 40 advanced 0.64%, Germany's DAX climbed 1.21%, while Britain's FTSE 100 gained 0.72%.
During the Asian trading session, Hong Kong's Hang Seng Index tumbled 1.5%, while Japan’s Nikkei 225 Index declined 0.5%.
Later in the day, the U.S. was also to release a report on non-farm payrolls compiled by payroll processing firm ADP, as well as data on manufacturing activity in the Chicago area and pending home sales.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.28%, S&P 500 futures signaled a 0.22% gain, while the Nasdaq 100 futures indicated a 0.58% loss.
On Tuesday, euro zone finance ministers agreed on a plan to expand the region’s bailout fund, but said its capacity to assist indebted nations would not be as large as initially hoped.
The ministers also signed off on Greece’s next tranche of bailout aid.
Meanwhile, financial stocks were broadly hit after S&P reduced its credit ratings on 15 global banks as part of a wider overhaul of the agency’s ratings.
Goldman Sachs saw shares tumble 1.79% after is rating was cut to "A-" from "A," as was the rating for Bank of America, whose shares subsequently plunged 3.24%.
Also hit by the ratings agency, JPMorgan plummeted 2.06% while Citigroup advanced 0.76%.
Elsewhere, shares in Omnivision Technologies dove 4.52% after the primary supplier of camera sensors for the iPhone 4S forecast third-quarter earnings below analyst estimates.
Apple saw shares decline 0.78% after losing a legal battle with Samsung Electronics, which is set to resume selling its Galaxy tablet computer in Australia as early as Friday.
Meanwhile, American Airlines parent AMR Corp. saw shares sink 83.95% after filing for bankruptcy on Tuesday, placing up to USD40 billion of Boeing jet orders at the mercy of a U.S. bankruptcy court.
Shares in Boeing were up 0.42% despite the news.
Other stocks in focus included Newmont Mining Corp., which announced the suspension of construction work at its Conga project in Peru in agreement with the government, for the safety of employees and the community.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 rose 0.84%, France’s CAC 40 advanced 0.64%, Germany's DAX climbed 1.21%, while Britain's FTSE 100 gained 0.72%.
During the Asian trading session, Hong Kong's Hang Seng Index tumbled 1.5%, while Japan’s Nikkei 225 Index declined 0.5%.
Later in the day, the U.S. was also to release a report on non-farm payrolls compiled by payroll processing firm ADP, as well as data on manufacturing activity in the Chicago area and pending home sales.