Investors are looking for a reversal of yesterday’s negative news when the opening bell sounds Wednesday, having digested yesterday’s balanced federal budget.
The S&P/TSX composite index dropped 66.16 points to end Wednesday’s session at 15,346.44
The Canadian dollar hiked 0.27 cents to 81.69 cents U.S. early Wednesday.
ON BAYSTREET
The TSX Venture Exchange moved lower 3.5 points Tuesday to 700.15
ON WALLSTREET
U.S. stock futures suffered an early fall after France said it had foiled a new terrorist plot to attack "one or two churches."
Ahead of the opening bell, futures for the Dow Jones Industrials capsized 65 points, or 0.4%, to 17,818. Futures for the S&P 500 fell 4.5 points, or 0.2%, to 2,086.50, and futures for the NASDAQ gave back 6.25 points, or 0.1%, to 4,422.25
Earnings season is in full swing and many big-name companies are reporting results.
Boeing, Coca-Cola, and McDonald's are reporting ahead of the open.
Facebook, eBay, and AT&T will release their quarterly results after the close.
Shares in Chipotle fell by about 6% in extended trading after the company's earnings missed Wall Street expectations.
Shares in Tesco were edging up by about 2% in London after the U.K. grocery chain reported a record-setting annual loss of £6.4 billion ($9.6 billion U.S). The company has been struggling for a long time, but investors are betting that management can turn things around.
Rolls-Royce Holdings shares are rising by 3% in London after the engineering group said it was bringing in a new CEO, Warren East, who previously headed up ARM Holdings
Existing home sales numbers from March will come out at 10 a.m. ET.
Then at 10:30, data on U.S. crude oil inventories will be released.
European markets are also dipping into the red in early trading. Asian markets ended with mixed results.
In Japan, the Nikkei closed above the 20,000 level for the first time in 15 years. The index has surged by just over 15% since the start of the year.
Oil prices descended seven cents to $56.54 U.S. a barrel
Gold prices fell $3.60 to $1,199.50 U.S. an ounce.
