U.S. stock futures were slightly lower in early morning deals on Wednesday after the S&P 500 closed at a new record high.
Dow futures dipped 63 points in early trade, implying an opening loss of around 68 points. The S&P 500 futures contract stood just below the flat line while Nasdaq 100 futures traded in positive territory. Software company Sales-force reported blowout earnings after the bell on Tuesday. The soon-to-be Dow member rose more than 13% in extended trading after beating on the top and bottom lines of its second quarter results. Sales-force will replace Exxon Mobil, Amgen will replace Pfizer and Honeywell International will replace Raytheon Technologies in the Dow average, S&P Dow Jones Indices said Monday. The changes are driven by Apple’s coming stock split, which will reduce the technology weighting in the price-weighted average. HP Enterprise, homebuilder Toll Brothers and retailer Urban Outfitters jumped after the bell following their better-than-expected earnings.
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