US stocks were set for a cautiously lower open on Wednesday amid a raft of corporate earnings, including from retail pharmacy giant CVS Health ( CVS ), while on the economic data front it is a quiet session.
Oil prices nudged lower with global benchmark Brent crude down 0.78%, and US crude West Texas Intermediate down 1.27% recently ahead of a weekly reading on US stockpiles.
There are no economic data due for release.
In equities, shares of Best Inc. ( BSTI ) were 13.4% lower pre-bell after the company reported a Q2 loss in line with Street view, while revenue fell short of expectations. It also guided Q3 and full-year sales below forecasts.
U.S. PRE-MARKET INDICATORS
-Dow Jones Industrial down 0.05%
-S&P 500 futures down 0.10%
-Nasdaq 100 futures down 0.22%
-Nasdaq 100 pre-market indicator down 0.18%
Nikkei down 0.08%
Hang Seng up 0.39%
Shanghai Composite down 1.27%
FTSE-100 up 0.67%
DAX-30 up 0.03%
PRE-MARKET SECTOR WATCH
(+/-) Large cap tech: mixed
(+/-) Chip stocks: mixed
(+) Software stocks: higher
(+/-) Hardware stocks: mixed
(+) Internet stocks: higher
(-) Oil stocks: unchanged to lower
(+/-) Biotech stocks: mixed
(+/-) Drug stocks: mixed
(+) Financial stocks: higher
(+/-) Retail stocks: mixed
(-) Industrial stocks: unchanged to lower
(-) Airlines: unchanged to lower
(+/-) Autos: mixed
(+) SBBP (+33.3%) Narrows Q2 loss, revenue rises YoY
(+) MTCH (+16.3%) Tops Q2 estimates
(+) WB (+4.6%) Q2 profit tops Street mark, shy on revenue
(-) RSLS (-78.7%) Files blank shelf registration statement
(-) TRTX (-3.3%) Prices underwritten public offering of 7 million shares
(-) KREF (-4.4%) Prices $100 million publc offering of common stock
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.