U.S. Futures Point to Modest Pullback

Wednesday,   17-Oct-2018   03:48 PM (IST)

U.S. stock index futures indicated a slightly lower open, taking a breather from the strong performance on Tuesday, when each of the major indices rose more than 2%.The blue-chip Dow futures were down 91 points, or about 0.35%, the S&P 500 futures dipped 7 points, or around 0.25%, while the tech-heavy Nasdaq 100 futures indicated a decline of 27 points, or roughly 0.4%.U.S. stocks enjoyed their best day since March on Tuesday, as the release of strong quarterly results from some of the largest U.S. companies helped restore appetite for riskier assets.Elsewhere, in Europe, the region's major bourses gave up earlier gains to trade slightly lower, as a crucial European Union summit on Brexit negotiations got underway.Earlier, stocks in Asia closed higher. Gains of at or just above 1% were logged in Japan, Australia and South Korea.Chinese markets lagged, however, with the mainland's benchmark Shanghai Composite rising only 0.6%.