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NEW YORK (
TheStreet) -- U.S. stock futures pointed to a marginally higher open on Wednesday -- a day that's expected to be light on trading with no economic news scheduled for the session.
Futures for the
Dow Jones Industrial Average were up by 11 points, or 8 points above fair value, at 11,520. Futures for the
S&P 500 were 1 point higher, or a little more than 1 points above fair value, at 1255, and
Nasdaq futures were ahead by 5 points, or nearly 5 points above fair value.
Stocks saw a mixed close to Tuesday's session as disappointing consumer and housing data kept gains in check.
China's Commerce Ministry said it will cut exports of rare earth minerals by 10%
during the first half of 2011, allocating 14,446 tons of rare earths among 31 companies. According to an
AP report, China accounts for 97% of the global production of rare earths and minerals that are particularly needed by technology companies.
Hong Kong's Hang Seng gained 1.5%, and Japan's Nikkei added 0.5%. The FTSE in London was down by 0.3%, while the DAX in Frankfurt was ahead by 0.5%.
There are no economic releases scheduled for Wednesday's session.