U.S stock index futures struggled for direction Wednesday amid ongoing worries over the euro zone and jitters about sluggish global growth.
European shares were loweras worries about the region’s debt crisis undermined investor sentiment.
The IMF said that inaction in the euro zone exposed the region to “capital flight, breakup fears and economic decline.” It also said European banks could shed $2.8 trillion in assetsover the next two years to reduce their risk exposure.
Dow component Alcoa posted earnings and revenue that beat expectations, but shares slipped after the aluminum producer's CEO said he sees a slight slowdown in demand growth due to weakening in China and Europe.
Yum Brands soared after the parent company of Pizza Hut and KFC edged past expectations and raised its full-year earnings growth forecast. Rival McDonald's also edged higher.