By Oliver Gray
Investing.com - U.S. stock futures dipped in early APAC deals on Wednesday, as benchmark indices closed mixed in the previous session as market participants continue to monitor news from the embattled Chinese property developer Evergrande.
During regular trade on Tuesday, the Dow Jones Industrial Average lost 50.63 points, or 0.15% to 33919.85. The S&P 500 shed 3.54 points or 0.08% to 4354.18 after posting its worst day since May in the previous session. The NASDAQ Composite rose 0.2%.
Futures were down 0.24%, 0.36% and 0.46% respectively.
Among stocks, technology names closed higher with Apple Inc (NASDAQ:AAPL) adding 0.34% and Alphabet Inc Class A (NASDAQ:GOOGL) up 0.23%. Meantime, FedEx Corporation (NYSE:FDX) fell nearly 4.88% in extended trade after the shipping company reported quarterly results. Adobe Systems Incorporated (NASDAQ:ADBE) also fell 4.05% despite reporting higher than expected earnings.
In policy news, the Federal Reserve is set to conclude its two-day meeting on Wednesday and release a policy statement with economic and interest rate forecasts, with investors closely monitoring details about when exactly the central bank plans to begin tapering its bond buying. Chairman Jerome Powell is expected to speak to the media at 2:30 p.m. ET.