- Stock index futures pointed to a higher open on Wednesday, a slight bounce from the three-month closing lows of Tuesday.

At 5:02 a.m. EST, futures for the Dow Jones, S&P 500 and Nasdaq were up between 0.2 and 0.3 percent.

President Barack Obama, having just signed into law a $787 billion stimulus package, is scheduled to detail a program that will use $50 billion to help prevent foreclosures.

Federal Reserve Chairman Ben Bernanke will speak on The Federal Reserve's Lending Programs and its Balance Sheet before a National Press Club luncheon at 1:00 p.m. EST.

Economic data due includes January's housing starts and permits, and industrial production.

Among companies reporting are Hewlett-Packard, with its first-quarter numbers, and CBS, with its fourth quarter.

U.S. stocks slid within striking distance of the November bear-market low on Tuesday, as grim manufacturing data signaled the recession is worsening and warnings on risks facing European banks underscored the continuing toll of the financial crisis.

(Reporting by Brian Gorman; editing by Simon Jessop)