After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.Retailread more
Ford is one of four automakers that reached a voluntary agreement with California on fuel efficiency rules, defying Trump and his administration's effort to strip the state of...Autosread more
See which stocks are posting big moves after the bell.Market Insiderread more
"I'd love to say that the optimistic universe is most likely to prevail, but the talking heads talk endlessly about how a recession is inevitable," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
"Mutual understanding was achieved concerning the steps which will enable the establishment of peace," the Ukrainian presidential press office said on Wednesday, following a telephone conversation between President Petro Poroshenko and Russian premier, Vladimir Putin.
However, the press office later toned down the statement after Russia denied the deal.
Pro-Russian separatists have been battling Kiev's forces in the mainly Russian-speaking Donbass region, which is home to most of Ukraine's heavy industry and accounts for about 18 percent of the country's economic output.
The focus in the U.S. on Wednesday will be July factory orders, with August vehicle sales data also due to be released. The former are expected to show record growth of more than 10 percent on the month, with durable goods orders already known to have jumped by 22.6 percent in July, in part due to surging aircraft orders.
Domestic vehicle sales for July appear on track to have picked up further, and now stand at around pre-crisis levels.
Nokia rose more than 1 percent in pre-market trade after the mobile device maker said it is releasing new free mapping apps for consumers, trying to compete with similar services from Google and Apple. Nokia said they would be released before the end of the year, and that unlike competitive products, they will work without an internet connection.
CVS Caremark announced it is changing its corporate name to CVS Health, following a seven-month process aimed at removing tobacco products from its stores.
Netflix rose nearly 1 percent in pre-market trade after the streaming media giant said it reached a deal with Warner Brothers to become the exclusive on-demand provider for the TV series "Gotham."
JPMorgan Chase was upgraded to "buy" from "neutral" at Nomura Securities, which downgraded Bank of America to "neutral" from "buy" at the same time. The ratings changes were based largely on each bank's ability to deal with new capital requirements.
Toll Brothers was little changed in pre-market trade after the largest U.S. luxury homebuilder said its quarterly income more than doubled. Also reporting before the bell, Vince Holding said its sales increased nearly 17 percent and saw continued momentum in e-commerce. H&R Block and PVH will post numbers after markets close.
Samsung is due to launch its Galaxy Note 4 smartphone or phablet on Wednesday at simultaneous events in New York, Beijing and Berlin. This comes ahead of Apple's expected unveiling of the iPhone 6 next week.
Read MoreSamsung & Microsoft's new phones
U.S. stocks mostly fell on Tuesday, but the held above 2,000 after hitting another intraday record.
—By CNBC's Katy Barnato. Reuters contributed to this report.