Futures Point to Weak Start for U.S. Stocks

Updated from 7:57 a.m. EDT

Premarket futures were forecasting a lower open for stocks on Wall Street Wednesday, a day after the market saw an early rally completely erased by a loss of momentum in the afternoon.

Futures for the S&P 500 were down 5.2 points at 1271 and were 6.4 points below fair value. Nasdaq futures were lower by 9 points at 1847 and were 9.2 points under fair value.

On Tuesday, the major indices rose early on a sharp decline in crude oil prices, only to give back those gains and finish in negative territory. Poor performances by energy, mining and technology stocks contributed to the reversal. ...