FMC Shares Rise on Baird Upgrade to Outperform

U.S. stock futures fall following a speech from Donald Trump that created confusion over the state of U.S.-China trade talks; Federal Reserve Chairman Jerome Powell testifies before Congress; Cisco reports earnings; Google's massive health project draws federal scrutiny.

Google shares slipped lower in pre-market trading Wednesday after the Wall Street Journal reported that federal regulators have started a probe into Google's 'Project Nightingale' cloud computing deal with Ascension Health.

Wall Street futures slipped lower Wednesday, while global stocks retreated across the board, following a key speech from President Donald Trump that cast confusion over the state of U.S.-China trade talks and raised the prospect of tariff increases if the two sides fail to reach a near-term agreement.

Foxconn, the world's biggest electronics manufacturer and Apple Inc.'s AAPL biggest supplier, posted stronger-than-expected third quarter earnings Tuesday as smartphone and mobile sales jumped amid renewed global demand ahead of 5G network rollouts.

Adjusted earnings for the fourth quarter and the estimate for the fiscal first quarter beat analysts' expectations.