U.S. stock futures dipped on Wednesday as investors awaited the release of the Federal Reserve’s latest meeting minutes and Chair Jerome Powell’s upcoming remarks at the Jackson Hole symposium later this week. Dow futures fell 0.2%, while S&P 500 and Nasdaq 100 futures both slipped 0.1%.
Wall Street closed mixed on Tuesday, with technology stocks under pressure from profit-taking and reports that the U.S. government may take stakes in chipmakers. Markets remain focused on the September rate-cut outlook, with the Fed’s meeting minutes due later in the day.
Earnings also took center stage, with retailers TJX, Lowe’s, and Target set to report on Wednesday, followed by Walmart on Thursday. Other notable reports this week include Analog Devices, Intuit, and Workday.
In energy markets, oil prices rebounded. Brent crude rose 1.1% to $66.50 per barrel, while WTI gained 1.2% to $62.53, recovering from Tuesday’s declines sparked by optimism over potential peace talks in Ukraine.