NEW YORK (TheStreet) -- Stock futures were mixed on Wednesday morning ahead of the release of the minutes from the latest Federal Reserve meeting and as Wall Street digested a range of earnings.
S&P 500 futures were down 0.04%, Dow Jones Industrial Average futures were flat, and Nasdaq futures gained 0.04%.
Stocks ended mixed on Tuesday, though the Dow managed to inch to a new record, as crude oil sold off, earnings from retailers Wal-Mart (WMT) and Home Depot (HD) came in mixed, and the housing market posted signs of a recovery.
Investors on Wednesday will be closely monitoring minutes from the April 29 meeting, at which Fed officials hinted a rate hike wasn't likely as soon as June. The minutes are expected to be released at 2 p.m. EDT.
David Ader, head of government bond strategy at CRT Capital, said he remains skeptical any new information will be gleaned from the minutes.
"We don't expect much from those minutes given that we had the statement which is in effect an executive summary of the minutes and we've had Fedspeak and data subsequently," he said. "We don't think we'll be able to extract any more specifics on the timing of a hike nor insight into the path."
Lowe's (LOW) tumbled 6% in premarket trading after missing profit estimates. The home-improvement retailer earned 70 cents a share in its recent quarter, below forecasts of 74 cents, though revenue did increase 5.4% and beat expectations.