Wall Street Set To Bounce Back At Open

(RTTNews) - The U.S. Futures Index points to a bounce-back for Wall Street on Wednesday. Asian shares closed lower, while European shares finished higher.

Fed Chairman Jerome Powell's second day of testimony on Capitol Hill might attract attention. Investors will be keen on the New Home Sales in the month of January as well as the earnings reports.

On the earnings front, retailers Lowe's (LOW) and Office Depot (ODP) are among the companies due to report their quarterly results before the start of trading on Wednesday.

As of 7.40 am ET, the Dow futures were adding 41.00 points, the S&P 500 futures were up 11.00 points and the Nasdaq 100 futures were gaining 53.50 points.

The U.S. major indices finished broadly lower on Tuesday. The Dow plunged by more than 360 points in early trading but ended the day up 15.66 points or 0.1 percent at 31,537.35. The S&P 500 also inched up 4.87 points or 0.1 percent to 3,881.37 after tumbling by as much as 71 points.
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