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Futures Pare Gains After Durable Goods Report

Futures came off their highs Wednesday following a report that showed durable goods orders slipped slightly last month, but still held their gains as investors continued to stay encouraged over the euro zone's progress to ease the region's debt fears.

The "troika" of international lenders to Greece is scheduled to resume its mission to Athens on Thursday, according to a European Commission spokesman, adding that euro zone finance ministers will hold an additional meeting in October to further discuss Greek finances and aid to Athens.

On the economic front, durable goods orders slipped 0.1 percent in August amid weak demand for autos, according to the Commerce Department. Economists polled by Reuters had expected the figure to remain unchanged.

Jefferies raised its fourth-quarter estimates on Apple from $7.06 to $7.11, saying the firm's recent iPad cuts will be more than offset by the strength of the latest iPhone. The brokerage also upped its fiscal 2011 and 2012 earnings on the tech giant. Apple may unveil its latest iPhone next Tuesday.

Meanwhile, Amazon is slated to launch its tablet computer, hoping to compete with Apple's popular iPad.

Goldman Sachs cut its price target on a handful of banks including Bank of America , Citigroup , JPMorgan and KeyCorp .

Meanwhile, the brokerage raised its price target on PNC Financial , USBancorp and Wells Fargo .

Among earnings, Accenture gained after the tech outsourcing company posted stronger-than-expected quarterly earnings and forecast a robust 2012.

Jabil Circuit jumped after the contract manufacturer beat earnings estimates, helped by lower costs.

Meanwhile, Darden Restaurants slipped after the restaurant chain posted a drop in earnings, partially due to hurricane Irene, but reaffirmed its full-year earnings outlook.

Two Linux software groups have joined forces to develop a new operating system for cellphones and other devices in collaboration with Intel and Samsung Electronics.

European shares fell after the biggest one-day jump since May 2010, as concerns grew about obstacles in the way of plans to ease the debt crisis and investors cashed in some of the gains made in the past three sessions.

Weekly mortgage applications gained last week, showing a rise in demand for home loan refinancing as mortgage rates declined, according to the Mortgage Bankers Association.

—Follow JeeYeon Park on Twitter: twitter.com/JeeYeonParkCNBC

On Tap This Week:

WEDNESDAY: Oil inventories, 5-yr note auction
THURSDAY: GDP, jobless claims, Fed's Rosengren speaks, corporate profits, pending home sales, 7-yr note auction, farm prices; Earnings from Micron
FRIDAY: Personal income & outlays, Chicago PMI, consumer sentiment, Fed's Bullard speaks