The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
U.S. stock index futures pointed to a positive open on Wednesday, as investors shifted their attention to the upcoming FOMC minutes.
Dow Jones industrial average futures rose 48 points, while S&P 500 and Nasdaq composite futures advanced 4.75 points and 14.25 points, respectively.
While a new batch of economic data is set to be released on Wednesday, the Federal Open Market Committee (FOMC) minutes for the U.S. central bank's July meeting are set to take center stage during trade.
Set to come out at 2 p.m. ET, investors will pore through the meeting's minutes to see what the Federal Reserve currently thinks about the state of the U.S. economy, and where their strategy could be heading.
According to the CME Group's FedWatch tool, chances for a rate hike in December were about 45 percent.
Some investors remain skeptical about another rate hike coming this year given the recent weak inflation data. Inflation is a key component used by the Federal Reserve to determine their course of monetary policy.
Aside from the Fed, housing starts for July totaled 1.155 million, well below the expected 1.22 million. Mortgage applications rose just 0.1 percent last week on a seasonally adjusted basis.
On the commodities front, oil prices posted slight gains on Wednesday, supported by a drop in U.S. crude inventories, yet oversupply concerns continue to weigh on sentiment.
At 8:35 a.m. ET, U.S. crude hovered around $47.68 per barrel, while Brent stood around $51.01.