Futures contracts for US stock markets, Treasurys and commodities resumed trading on Tuesday night after they were stopped earlier due to a technical failure of the CME Group.
The market for futures in the stock market was largely weak after the resumption of trading. Dow Jones Industrial Average futures dropped 15 points from 11:19 pm ET Tuesday, which means an opening decline of 28.98 points for the Wednesday's open index. The S&P 500 and Nasdaq 100 futures also pointed to small declines for the open.
The movements came after a previous outbreak that lasted several hours. CME Group said in a tweet of its official account that the cessation of trading on all CME Globex markets was due to "technical issues," referring to the main US futures trading market.
Stocks on Wall Street glowed during Tuesday's trading session among disappointing earnings, mixed US economic data, and a testimony from Fed Chair Jerome Powell.
Powell testified of a US Senate Committee on Tuesday, noting that the US economic outlook was "generally favorable", but warned of foreign heads. China and Europe were special areas of concern, he said, adding that the Fed looked at how Brexit negotiations and trade negotiations played out.
"Fed chair Jerome Powell stuck to the cautionary script in his testimony of the Senate yesterday," Robert Carnell, Asia Pacific research scientist for ING Bank, said in a note.
"He beat a solid neutral tone, unlike the market view that sees it (Federal Open Market Committee) the next step down,
On the geopolitical front, President Donald Trump and North Korean leader Kim Jong Un are put together for to meet Wednesday in Vietnam for the second time in less than a year after their initial meeting in Singapore in June
– CNCC's Jeff Cox contributed to this report.
