Investing.com – U.S. stock futures pointed to a lower open on Wednesday, as negotiations to raise the U.S. debt ceiling remained deadlocked, while weaker-than-expected durable goods data also weighed.
Dow Jones Industrial Average futures pointed to a loss of 0.2%, the S&P 500 futures fell 0.4%, while the Nasdaq 100 futures slumped 0.6%.
Stock futures added to losses after official data showed that durable goods orders fell unexpectedly in June, while core durable goods orders, which exclude transportation items, rose less-than-expected.
With seven days to go before the August 2 deadline, U.S. Republican leaders delayed a key vote on a plan to raise the USD14.3 trillion debt ceiling until Thursday at the earliest, adding to concerns over a possible sovereign debt default or downgrade.
In earnings news, shares of Juniper Networks, the second largest U.S. maker of internet networking equipment plummeted 19.5% in pre-market trade after reporting lower-than-expected second quarter revenue. The company lowered its third quarter earnings outlook, citing "near-term market weakness."
The downbeat outlook weighed on other shares in the sector, with larger rival Cisco Systems down 2.9%, F5 Networks dropping 2.1%, while U.S.-listed shares of Europe’s largest network gear maker Alcatel-Lucent sank 6.3%.
On the upside, online retailing giant Amazon saw shares jump 5.5% after it reported second quarter revenue rose 51% to USD9.91 billion, above expectations for revenue of USD9.37 billion.
Shares in the world's largest aerospace and defense company Boeing climbed 3% after it said second quarter profit rose 20% to USD941 million. The company lifted its full-year earnings outlook on higher commercial plane sales.
Other notable earnings slated for Wednesday include credit card processor Visa, organic food grocer Whole Foods and software maker Symantec.
Across the Atlantic, European stock markets were broadly lower amid renewed euro zone sovereign debt concerns, while weaker-than-expected earnings reports from companies such as Peugeot, Banco Santander and Merck also weighed.
The EURO STOXX 50 sank 1.2%, France’s CAC 40 dropped 1.1%, Germany's DAX fell 0.8%, while Britain's FTSE 100 declined 0.55%.
During the Asian trading session, Hong Kong’s Hang Seng Index edged 0.15% lower, while Japan’s Nikkei 225 Index retreated 0.5% as Japanese exporters came under pressure by a rising yen.
Later in the day, the U.S. was to publish government data on crude oil stockpiles, while the Federal Reserve was to publish its Beige Book.
Dow Jones Industrial Average futures pointed to a loss of 0.2%, the S&P 500 futures fell 0.4%, while the Nasdaq 100 futures slumped 0.6%.
Stock futures added to losses after official data showed that durable goods orders fell unexpectedly in June, while core durable goods orders, which exclude transportation items, rose less-than-expected.
With seven days to go before the August 2 deadline, U.S. Republican leaders delayed a key vote on a plan to raise the USD14.3 trillion debt ceiling until Thursday at the earliest, adding to concerns over a possible sovereign debt default or downgrade.
In earnings news, shares of Juniper Networks, the second largest U.S. maker of internet networking equipment plummeted 19.5% in pre-market trade after reporting lower-than-expected second quarter revenue. The company lowered its third quarter earnings outlook, citing "near-term market weakness."
The downbeat outlook weighed on other shares in the sector, with larger rival Cisco Systems down 2.9%, F5 Networks dropping 2.1%, while U.S.-listed shares of Europe’s largest network gear maker Alcatel-Lucent sank 6.3%.
On the upside, online retailing giant Amazon saw shares jump 5.5% after it reported second quarter revenue rose 51% to USD9.91 billion, above expectations for revenue of USD9.37 billion.
Shares in the world's largest aerospace and defense company Boeing climbed 3% after it said second quarter profit rose 20% to USD941 million. The company lifted its full-year earnings outlook on higher commercial plane sales.
Other notable earnings slated for Wednesday include credit card processor Visa, organic food grocer Whole Foods and software maker Symantec.
Across the Atlantic, European stock markets were broadly lower amid renewed euro zone sovereign debt concerns, while weaker-than-expected earnings reports from companies such as Peugeot, Banco Santander and Merck also weighed.
The EURO STOXX 50 sank 1.2%, France’s CAC 40 dropped 1.1%, Germany's DAX fell 0.8%, while Britain's FTSE 100 declined 0.55%.
During the Asian trading session, Hong Kong’s Hang Seng Index edged 0.15% lower, while Japan’s Nikkei 225 Index retreated 0.5% as Japanese exporters came under pressure by a rising yen.
Later in the day, the U.S. was to publish government data on crude oil stockpiles, while the Federal Reserve was to publish its Beige Book.