U.S. stock index futures are mixed as investors wait to see what the start of the Fed's quantitative tightening will bring.
U.S. stock index futures were mostly higher on Wednesday, as a new month of trading kicked off, along with the start of the reduction by the Federal Reserve of its $9 trillion balance sheet.
How are stock-index futures trading? On Tuesday, the Dow industrials DJIA fell 222.84 points, or 0.7%, to close at 32,990.12, snapping six-straight sessions of wins. The S&P 500 SPX fell 0.6% to 4,132.15, and the Nasdaq Composite COMP finished down 0.4% at 12,081.39, with both indexes snapping three consecutive days of gains.
U.S. economic data will swing into focus Wednesday with a May update on the Institute for Supply Management’s manufacturing index due at 10 a.m. ET along with the S&P Global final reading of its purchasing managers’ index for the manufacturing sector.
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