Stock Futures Retreat Ahead of Beige Book
Stock futures are slightly lower into Wednesday's open as hawkish remarks from a member of the Federal Reserve coupled with caution ahead today's Beige Book fuels light profit-taking off Tuesday's gains.
Dow futures are 18 points below fair value, S&P 500 futures are 3 points below fair value but Nasdaq futures are up 2 points.
Wednesday's economic calendar is light with the job openings and labor turnover survey (JOLTS) at 10am ET, expected to drop to 5.580 million from 5.624 million, and the Fed's Beige Book at 2pm ET.
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