Futures for U.S. markets pointed southward as investors await Donald Trump's Wednesday press conference -- his first since becoming president-elect -- for more details on his economic policies. But it's now been overshadowed by renewed reports of Trump's alleged links to Russia, which Trump, from his Twitter account, called "fake news."
Investors continue to battle over their conflicting views of a Trump presidency, with the S&P closing lower Tuesday as the Nasdaq reached a fresh high. They're hoping Trump's press conference will provide more information on the president-elect's approach to propping up the economy and creating jobs.
The S&P 500 lost 0.14%, Nasdaq,0.11%. and the Dow Jones Industrial Average,0.09%, at 9:03 p.m. EST.
The S&P ended Tuesday unchanged, while the Dow slipped 0.16%. Nasdaq added 0.36% to 5.551.82, the second record this week.The melancholy in the U.S. followed an up day in Europe, where Germany's Dax rose 0.17% and the Cac in Paris, 0.01%. Meanwhile the FTSE in London gained 0.52% to a record close.
Asian markets followed Europe's cue ahead of the Trump press conference with the Nikkei in Japan up 0.29%, the Hang Seng in Hong Kong, 0.46%, the Kospi in South Korea, 0.89% and Australia's ASX, 0.4%, at 9:10 p.m. EST.
In energy, industry standard Brent crude gained 0.22% to $53.76 per barrel, while West Texas crude added 0.3% to $50.97 per barrel at 8:58 p.m. EST. The prices represent futures for delivery in March and February, respectively.
The dollar index, which measures the currency against international rivals, gained 0.05% to 102.06, well off a high last week of 103.8.