U.S. stock index futures pointed to a higher opening on Wall Street on Wednesday, after investors booked profits on Tuesday amid questions whether the U.S. government's plan to clean up bank balance sheets would work.
At 1029 GMT (6:29 a.m. EDT), futures for the S&P 500 were up 0.4 percent, Dow Jones futures were 0.4 percent higher and Nasdaq 100 futures were up 0.5 percent.
In economic news, new orders for U.S. made durable goods are likely to fall in February aided by a sharp decline in civilian aircraft orders. The median forecast in a Reuters poll of 73 economists showed orders dropped for the seventh straight month, to 2 percent after a 4.5 percent January fall.
Standard & Poor's Ratings Services said on Wednesday that it revised its outlook on Berkshire Hathaway Inc
Congress's drive to recoup bonuses at American International Group
The top two U.S. financial officials told lawmakers angry over bonus payments to AIG executives
On Tuesday, U.S. stocks fell, giving back some of the previous session's big gains, as investors paused to reassess what success the government's bank rescue plan will have, and as bonds got a late boost on government purchase plans.
On Tuesday, the Dow Jones industrial average <.DJI> lost 1.5 percent, the Standard & Poor's 500 Index <.SPX> was down 2 percent and the Nasdaq Composite Index <.IXIC> was 2.41 percent lower.
European stocks were lower on Wednesday following four days of gains with banking stocks the main fallers and miners down tracking weaker metal prices.
At 1027 GMT (6:27 a.m. EDT), the FTSEurofirst 300 <.FTEU3> index of top European shares was down 0.3 percent at 738.86 points.
(Reporting by Joanne Frearson)