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U.S. Stocks Set to Open Lower Wednesday

Stock quotes in this article: AIG , UBS , BHP , RTP , XOM , ADP  

Updated from 7:00 a.m. EDT

Premarket futures were intimating a lower open for U.S. stocks Wednesday, ahead of a Senate vote on the Bush administration's rescue package for the financial system.

Futures for the S&P 500 were down 12 points at 1158 and were 11 below fair value. Nasdaq futures were lower by 21 points at 1584 and were 10 short of fair value.

During Tuesday's session, stocks posted large gains, partially recovering from a sharp selloff Monday. Ahead of Wednesday's trading, investors were still waiting for news on a $700 billion financial-sector bailout proposal rejected by the House of Representatives on Monday. ...

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