U.S. stock futures were largely flat on Wednesday as investors awaited the next round of earnings reports and a clutch of data, including retail sales.
How are stock-index futures trading On Tuesday, the Dow Jones Industrial Average DJIA fell 392 points, or 1.14%, to 33911, the S&P 500 SPX declined 8 points, or 0.2%, to 3991, and the Nasdaq Composite COMP gained 16 points, or 0.14%, to 11095. U.S. companies reporting on Wednesday include Charles Schwab SCHW , Prologis PLD , PNC PNC , Kinder Morgan KMI , Discover DFS and Alcoa AA .
Technical factors, such as the CBOE Volatility index, or VIX VIX , below 20, suggesting complacency, and a high proportion of stocks looking overbought, may also constrain the latest rally, according to Mark Newton, head of technical strategy at Fundstrat.