Investing.com - U.S. stocks opened lower on Wednesday, as growing expectations for the Federal Reserve to soon scale back its bond-buying program weighed on U.S. equities.
During early U.S. trade, the Dow Jones Industrial Average retreated 0.43%, the S&P 500 index shed 0.42%, while the Nasdaq Composite index fell 0.22%.
Investors remained cautious after Chicago Fed President Charles Evans said late Tuesday that he would not rule out a decision to begin to reduce bond purchases as soon as September.
The comments came after Dallas Fed President Richard Fisher on Monday said that policy makers were "closer to execution mode" in considering the right time to begin reducing purchases.
U.S. traded Toyota shares tumbled 0.97% amid reports the automaker was preparing to go before a jury for the first time in a lawsuit over a claim that unexpected acceleration of one of its cars caused a death.
Elsewhere, Boeing slipped 0.20% after a regulator threw out a complaint filed by Airbus branding as misleading a Boeing advertising campaign, saying the targeted audience was sophisticated enough to make a nuanced judgment.
Airbus challenged a Boeing ad promoting the 747-8 jumbo's cost advantage over Airbus's A380, which ran in trade publications including Flight International.
Among earnings, Walt Disney plummeted 3.58% after the media group edged past earnings expectations but projected a massive loss related to its summer film, "The Lone Ranger."
Time Warner rose on the other hand, jumping 1.67%, after the company beat earnings and revenue forecasts.
Separately, Bloomberg reported that regulators in Washington probably won't heed Time Warner Cable's call for help in a dispute that has blocked CBS television shows from more than 3 million subscribers in cities such as New York and Los Angeles.
Time Warner Cable slid 0.30% following the news.
Other stocks likely to be in focus included Ralph Lauren, AOL, Holly Frontier, Wendy's, Devon Energy, Marsh and McClennan, Duke Energy and Carlyle Group, all scheduled to post results later in the day.
Across the Atlantic, European stock markets were mixed. The EURO STOXX 50 added 0.14%, France’s CAC 40 edged up 0.07%, Germany's DAX declined 0.45%, while Britain's FTSE 100 tumbled 0.93%.
During the Asian trading session, Hong Kong's Hang Seng Index plummeted 1.53%, while Japan’s Nikkei 225 Index dove 4%.
During early U.S. trade, the Dow Jones Industrial Average retreated 0.43%, the S&P 500 index shed 0.42%, while the Nasdaq Composite index fell 0.22%.
Investors remained cautious after Chicago Fed President Charles Evans said late Tuesday that he would not rule out a decision to begin to reduce bond purchases as soon as September.
The comments came after Dallas Fed President Richard Fisher on Monday said that policy makers were "closer to execution mode" in considering the right time to begin reducing purchases.
U.S. traded Toyota shares tumbled 0.97% amid reports the automaker was preparing to go before a jury for the first time in a lawsuit over a claim that unexpected acceleration of one of its cars caused a death.
Elsewhere, Boeing slipped 0.20% after a regulator threw out a complaint filed by Airbus branding as misleading a Boeing advertising campaign, saying the targeted audience was sophisticated enough to make a nuanced judgment.
Airbus challenged a Boeing ad promoting the 747-8 jumbo's cost advantage over Airbus's A380, which ran in trade publications including Flight International.
Among earnings, Walt Disney plummeted 3.58% after the media group edged past earnings expectations but projected a massive loss related to its summer film, "The Lone Ranger."
Time Warner rose on the other hand, jumping 1.67%, after the company beat earnings and revenue forecasts.
Separately, Bloomberg reported that regulators in Washington probably won't heed Time Warner Cable's call for help in a dispute that has blocked CBS television shows from more than 3 million subscribers in cities such as New York and Los Angeles.
Time Warner Cable slid 0.30% following the news.
Other stocks likely to be in focus included Ralph Lauren, AOL, Holly Frontier, Wendy's, Devon Energy, Marsh and McClennan, Duke Energy and Carlyle Group, all scheduled to post results later in the day.
Across the Atlantic, European stock markets were mixed. The EURO STOXX 50 added 0.14%, France’s CAC 40 edged up 0.07%, Germany's DAX declined 0.45%, while Britain's FTSE 100 tumbled 0.93%.
During the Asian trading session, Hong Kong's Hang Seng Index plummeted 1.53%, while Japan’s Nikkei 225 Index dove 4%.