ZIM Integrated Shipping rallied, and Salesforce.com led the Dow as stock futures slipped ahead of this afternoon's Fed minutes release. Read More...
Reuters
Dow set to open lower on recovery fears as focus turns to Fed
(Reuters) -The Dow was set to open lower on Wednesday as renewed fears about the pace of a post-pandemic recovery dented demand for economically sensitive sectors and sent investors to the perceived safety of technology-related stocks including Apple and Amazon.com. Industrials Deere & Co, Caterpillar Inc, and 3M Co, which generally perform better at a time of strong economic growth, shed between 0.1% and 0.4% in premarket trading. Bank stocks JPMorgan Chase & Co, Citigroup, Bank of America, Morgan Stanley and Wells Fargo & Co fell between 0.1% and 0.3%, a day after the S&P 500 marked its worst day in about a month on the back of a bigger-than-expected fall in U.S. retail sales.
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