U.S. stock futures struggled for direction on Wednesday, leaving Wall Street potentially on course for a third consecutive day of losses, as investors fret that soaring inflation is damaging the world’s biggest economy and battering corporate profits.How are stock-index futures trading?
S&P 500 index futures
ES00,
+0.01%
were little changed at 3,826.5
Dow Jones Industrial Average futures
YM00,
+0.16%
rose 60 points, or 0.3%, to 30,993
Nasdaq-100 futures
NQ00,
-0.12%
were virtually flat at -11,673
On Tuesday, the Dow Jones Industrial Average
DJIA,
-1.56%
fell 491.27 points, or 1.6%, to end at 30,946.90. The S&P 500
SPX,
-2.01%
fell 2% to close at 3,821.55. The Nasdaq Composite
COMP,
-2.98%
dropped 3% to 11,181.50.
All three booked their worst daily percentage declines since June 16, according to Dow Jones Market Data.What’s driving markets? On U.S. economic data, the first-quarter GDP was revised to show 1.6% decline, compared with the prior 1.5% drop. Investors are also expecting Federal Reserve Chair Jerome Powell, European Central Bank President Christine Lagarde, Bank of England Gov. Andrew Bailey and Augustin Carstens, head of Bank for International Settlements, to speak at an ECB c …