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Pre-market data

US futures slip following earlier halt on the CME

Key Points
  • U.S. stock futures pointed to opening declines at Wednesday's open.
  • Shares on Wall Street slipped during the regular session on Tuesday amid disappointing earnings, mixed U.S. economic data as well as a testimony from Fed Chair Jerome Powell.
  • On the geopolitical front, President Donald Trump and North Korean leader Kim Jong Un are set to meet Wednesday in Vietnam for the second time in less than a year after their inaugural meeting in Singapore last June.
CME Group sign at NYMEX in New York.
Adam Jeffery | CNBC

U.S. futures pointed to declines for stocks on Wall Street at Wednesday's open.

The futures contracts for U.S. stock markets, Treasurys and commodities resumed trade on Tuesday evening stateside after being halted for several hours earlier due to a technical fault at CME Group.

Stock market futures stateside were largely tepid following the resumption of trading. Dow Jones Industrial Average futures slipped 52 points as of 2:35 a.m. ET Wednesday, implying an opening decline of 65.98 points for the index at Wednesday's open. S&P 500 and Nasdaq 100 futures also pointed to declines at the open.

CME Group said in a tweet on its official account that the halt on all CME Globex markets was due to "technical issues," referring to the main market for trading U.S. futures overnight.

CME Globex markets resumed trading at 9:45 p.m. CT Tuesday (10:45 p.m. ET).

Shares on Wall Street slipped during Tuesday's trading session amid disappointing earnings, mixed U.S. economic data as well as a testimony from Fed Chair Jerome Powell.

Powell delivered his testimony to a U.S. Senate committee on Tuesday, noting that the U.S. economic outlook was "generally favorable" but warned of headwinds from overseas. China and Europe were particular areas of concern, he said, adding that the Fed was watching how Brexit negotiations and trade talks play out.

"Fed chair Jerome Powell stuck to the 'cautious' script in his testimony to the Senate yesterday," Robert Carnell, head of research in Asia Pacific for ING Bank, said in a note.

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"He struck a solidly neutral tone, in contrast with the market view that sees the (Federal Open Market Committee's) next move as downwards," Carnell said.

On the geopolitical front, President Donald Trump and North Korean leader Kim Jong Un are meeting Wednesday in Vietnam for the second time in less than a year.

Trump and his Vietnamese counterpart Nguyen Phu Trong on Wednesday presided over the signing of several trade deals in Hanoi. They include agreements to sell the Southeast Asian nation Boeing planes worth billions of dollars. Vietnamese carriers VietJet and Bamboo Airways inked deaks worth more than $15 billion with Boeing to purchase 110 planes.

— CNBC's Jeff Cox and AP contributed to this report.