Updated from 6:55 a.m. EDT
Here are 10 things you should know for Wednesday, April 9:
1.-- U.S. stock futures were pointing to gains on Wall Street early Monday ahead of the release of the minutes of last month's Federal Reserve meeting.
European stocks were rising. Asian shares ended the session mostly higher, except for Japan which tumbled 2.1% as disappointment spread that the Japanese central bank didn't announce additional stimulus.
2.-- The economic calendar in the U.S. on Wednesday includes wholesale inventories for February at 10 a.m. EDT, and minutes of the March 19 meeting of the Federal Open Market Committee at 2 p.m.
3.-- U.S. stocks on Tuesday closed higher Tuesday, shaking off a two-day selloff, as tech stocks rebounded.
The Dow Jones Industrial Average gained 0.06% to 16,256.27, while the S&P 500 added 0.38% to close at 1,851.96. The Nasdaq increased 0.81% to 4,112.99, ending a 3.7% tumble across the prior two trading sessions.
Toyota shares fell 1.7% in premarket trading to $107.04. 5. -- The National Highway Traffic Safety Administration is fining General Motors (GM) $7,000 a day, saying the company failed to fully respond to its requests for information about a faulty ignition switch by an April 3 deadline. The NHTSA said in a letter to the automaker in Tuesday that the company already owes $28,000 in fines, and they will accrue at $7,000 per day until it provides all the requested information.
Reuters, citing supplier sources, reported the GM's Chevrolet is planning to sell two versions of the redesigned 2016 Volt, including a lower-priced model with a smaller battery pack and shorter driving range.
The second-generation Volt is slated to go into production in about 16 months at GM's Detroit Hamtramck plant, the sources said.
GM shares declined 2% in premarket trading to $33.85. 6. -- Alcoa (AA - Get Report) reported first-quarter earnings that beat Wall Street expectations after stripping out the impact of restructuring charges. The aluminum giant recorded adjusted net income of $98 million, or 9 cents a share, in the three months to March. Analysts were looking for profit of 5 cents a share.
Alcoa shares rose 3% to $12.91 in premarket trading on Wednesday. 7. -- Goldman Sachs (GS) is considering shutting down one of the world's largest private stock-trading venues, according to people familiar with the matter, The Wall Street Journal reported. In conversations with market participants over the past several months, Goldman executives have broached the subject of closing its so-called dark-pool trading operation, known as Sigma X, the people told the newspaper. Goldman executives are weighing whether the revenue that the firm generates from operating Sigma X is worth the risks that have been highlighted by a series of trading glitches and growing criticism of dark pools, the people told the Journal. No decision is imminent, and Goldman could keep the business, the Journal reported.
Goldmann shares rose 0.3% in premarket trading.
9.-- American Airlines (AAL) announced on Tuesday changes that make it tougher to redeem miles for a flight during busy travel periods, and to check a bag without a fee.
American shares fell 0.2% in premarket trading to $35.91.
The Huskies finished the season 40-0. -- Written by Joseph Woelfel
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