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Stock market today: US futures slip amid earnings rush, Fed teeters

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Federal Reserve,Minneapolis Fed,Neel Kashkari

While techs have mainly delivered on high earnings expectations, the focus is now on whether other sectors can match up.

US stocks tipped lower before the bell on Wednesday as investors tried to read the rate-cut runes and weighed a fresh batch of earnings reports for insight into the chance of a Corporate America-spurred revival. S&P 500 futures dipped roughly 0.2% after ekeing out a fourth daily win in a row. Futures on the Dow Jones Industrial Average were little changed, while those on the tech-heavy Nasdaq 100 fell 0.2%.

Fed officials Lisa Cook and Philip Jefferson are slated to speak Wednesday. Uncertainty about corporate earnings also gave some investors pause as the season entered its final stretch. While techs have mainly delivered on high expectations, the focus is now on whether other sectors can match up. On Wednesday's docket, Uber's forecast for a key bookings metric missed the mark, dragging its shares down almost 7% in pre-market trading.

 

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