Stock futures declined Wednesday, following weak economic data from the euro zone and amid ongoing concerns over the region's debt crisis.
A weak economic report from of China also added to negative sentiment. China's manufacturing sector contracted for the fourth month in a row in February. In the euro zone, data showed the region's service sector shrank unexpectedly.
At 10 am, the National Association of Realtors will release existing home sales data for January. Reuters analysts forecast a 4.65 million annualized unit total, versus 4.61 million in December.
Among techs, Apple's price target was raised to $600 a Credit Suisse. The brokerage reiterated its "outperform" rating on the tech giant.
On the earnings front, Dell tumbled after the tech giant reported earnings that missed expectations by a penny and delivered a mixed outlook. Analysts were divided on the stock—at least two brokerages lowered their price target on the firm, while another two boosted their price target. Rival Hewlett-Packard is slated to post results after-the-bell tonight.
Toll Brothers declined after the luxury homebuilder swung to a quarterly loss, hurt by lower deliveries and an increase in contract cancellations.
