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US Futures Slip Along with Oil, Traders Eye Progress on Trump Tax Cuts


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U.S. stock futures slipped along with oil on Wednesday as investors grew increasingly worried about U.S. President Donald Trump's capability to follow through on his promised fiscal policies.

Oil prices were lower with global benchmark Brent Crude down 1.33% recently, and U.S. benchmark West Texas Intermediate down 1.29% as the commodity continued to face heavy pressure after industry data showed U.S. crude stockpiles rose faster than expected.

At 9:00 a.m., data are expected to show the FHFA house price index rising 0.5% in January, according to data compiled by Econoday.

At 10:00 a.m., forecasters see existing home sales for February falling 2.4% to 5.555 million annualized pace.

In equities, UniPixel ( UNXL ) shares were 19.7% higher pre-bell after the company said that it has seccured a long-term supply contract for its XTouch touch screen sensors for a major U.S.-based PC maker.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks



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