REUTERS: U.S. stock index futures edged lower on Wednesday, mirroring global markets, as the second U.S.-North Korean nuclear summit kicked off and fresh hostilities erupted between nuclear-armed neighbors India and Pakistan.
"Tension between India and Pakistan is weighing on markets this morning ahead of a very busy day of events," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Powell said on Tuesday that the Fed was in"no rush to make a judgment" about further changes to interest rates and that rising risks and recent soft data should not prevent solid growth for the U.S. economy this year.The Fed's dovish signals and optimism around China-U.S. trade talks have boosted equities in recent weeks, pushing the benchmark S&P 500 index to within roughly 5 percent of its record closing high hit in late September.
Among stocks, shares of Mylan NV sank 9.9 percent in premarket trading after the generic drugmaker reported a lower-than-expected quarterly profit and forecast weak 2019 earnings, as it grappled with significant problems at its Morgantown, West Virginia plant.
Source: Financial Digest (financialdigest.net)
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