US pre-open: Futures trade lower as Q2 earnings season carries on
Wall Street futures were in the red ahead of the opening bell on Wednesday as market participants remained firmly focussed on corporate earnings.
As of 1215 BST, Dow Jones futures were down 0.18%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.16% and 0.05% lower, respectively.
The Dow closed 754.44 points higher on Tuesday as second-quarter earnings season rolled on.
Continuing the trend of the last few days, earnings were again in focus prior to the start of trading on Wednesday, with streaming giant Netflix reporting subscriber numbers had continued to fall in the second quarter, losing around 1.0m subscribers during the three months ended 30 June, below the 2.0m it had forecast,
United Airlines, Baker Hughes, Biogen, and Abbott Laboratories will publish earnings before the open, while Equifax and Tesla will both report after the close.
On the macro front, US mortgage applications fell 6.3% in the week ended 15 July, a third consecutive drop and the lowest level since 2000, according to the Mortgage Bankers Association. The drop in the overall index came as a result of a 7.3% decline in the applications index and a 4.3% decrease in the refinancing index.
Still to come, existing home sales data for June will be published at 1500 BST.
Reporting by Iain Gilbert at Sharecast.com