US stocks were set for a narrowly mixed open Wednesday as traders waited on the sidelines ahead of the release of latest minutes from the Fed.
Oil prices nudged lower with global benchmark Brent crude down 0.11% and US West Texas Intermediate crude down 0.44% recently as the commodity was pressured by a rebound in the US dollar from three-year lows hit last week.
At 9:45 am, data are expected to show PMI composite flash of 54.0 for February vs 53.8 in the previous month, according to data compiled by Econoday.
At 10 am, forecasters see existing home sales of 5.650 million in January as compared to December's 5.570 million.
The minutes from the latest meeting of the Federal Open Market Committee are due for release at 2 pm.
Federal Reserve presidents Patrick Harker and Neel Kashkari are scheduled to give speeches.
In equities, shares of Advanced Auto Parts ( AAP ) were 4.4% higher pre-bell as the company reported fiscal Q4 financial results that topped Street estimates.
U.S. PRE-MARKET INDICATORS
-Dow Jones Industrial down 0.14%
-S&P 500 futures down 0.02%
-Nasdaq 100 futures up 0.17%
Nikkei up 0.21%
Hang Seng up 1.81%
Shanghai Composite up 0.45%
FTSE-100 up 0.11%
DAX-30 down 0.35%
PRE-MARKET SECTOR WATCH
(+/-) Large cap tech: mixed
(+/-) Chip stocks: mixed
(+/-) Software stocks: mixed
(+) Hardware stocks: unchanged to higher
(+) Internet stocks: higher
(+/-) Oil stocks: mixed
(+) Biotech stocks: unchanged to higher
(+/-) Drug stocks: mixed
(+/-) Financial stocks: mixed
(+/-) Retail stocks: mixed
(+/-) Industrial stocks: mixed
(+/-) Airlines: mixed
(+/-) Autos: mixed
(+) LYG (+2.3%) To invest $4.18 billion to products digitization, approves $1.4 billion share buyback
(+) TTPH (+9.1%) To get $7 million upfront payment in deal with Everest Medicines
(+) JUNO (+2.1%) Takeover deal with Celgene gets antitrust clearance
(-) TTS (-30.8%) Swings to Q4 adjusted loss, net sales increase year-over-year
(-) SHOP (-3.9%) To sell 4.8 million class A subordinate voting shares
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