U.S. stock index futures rose Wednesday, after stocks fell for four-consecutive sessions, as investors looked ahead to the minutes of the latest Fed meeting to find out how close the central bank was to delivering a third round of quantitative easing in addition to extending Operation Twist through to the end of 2012.
Investors will look to the minutes of the most recent Fed meeting, scheduled to be released at 2pm ET, for reasons behind the central bank's decision to extend its Operation Twist program and insight on what may be needed to trigger a third round of monetary stimulus.
On the economic front, U.S. trade deficit narrowed 3.8 percent to $48.7 billion in May, according to the Commerce Department, in line with expectation.
Wholesale inventories for May are out at 10:00 a.m ET, with economists surveyed by Reuters expecting a gain of 0.4 percent following April’s 0.6 percent increase.
In corporate news Goldcorp cut its full-year guidance for production levels, citing reduced output at mines in Ontario and in Mexico. The company joins a long list of others that have lowered their guidance in the last week.
The search for Yahoo's new CEO continues as the Internet company's board members. Interim CEO Ross Levinsohn is said to be the leading candidate for the permanent job.