Futures for U.S. markets were in the green late Wednesday, indicating investors are hoping to rekindle the Trump rally Thursday after catching their breath on Wednesday.
The Dow Jones Industrials were up 0.15%, the S&P 500 0.21% and Nasdaq 0.31% at 9:07 p.m. ET.
Investors Thursday may be looking to push indexes higher once again after taking a breather Wednesday. Still, a strengthening dollar and the prospect of a much-prophesied December interest rate hike are tampering investor sentiment for continuing the post-election, pre-Christmas rally.
The Dow ended Wednesday 0.29% lower, trailed by a 0.19% decrease in the S&P. Meanwhile, Nasdaq added 0.36%. The U.S. may have been mixed but Europe was completely in the red as investors there tired of the Trump rally. Germany's Dax pared 0.66%, the FTSE in London 073% and the Cac in Paris 0.78%.
As Thursday got underway in Asia, traders there also had trouble picking a direction. Japan's Nikkei was off 0.08% and South Korea's Kospi lost 0.03%, but the ASX in Australia was up 0.25% and Hong Kong's Hang Seng 0.3% at 9:13 p.m. ET.
In energy, oil continued its decline on worries Russia would keep pumping oil with a barrel of industry standard Brent crude off 0.36% at $46.46 and a barrel of U.S. crude going for $45.47, a decline of 0.22%. The prices represent futures for delivery in January and December, respectively, and were current as of 9 p.m. ET.
In currencies, the pound slipped 0.214%, to $1.2417, while the yen gained 0.19%, to ¥109.073.
Cisco expects adjusted earnings of 55 cents to 57 cents a share, and forecasts that revenue will slide 2% to 4% over fiscal 2016 second-quarter revenue of $11.93 billion. Analysts surveyed by FactSet are modeling second-quarter adjusted earnings of 57 cents per share on revenue of $12.0 billion.
Shares of fashion retailer L Brands (LB) slipped 2.53%, to $66.21, in extended trading after it reported lower third-quarter profit and issued light current-quarter guidance, exacerbating concerns of a slowdown at its Victoria's Secret brand.
For the current quarter, L Brands anticipates earnings of $1.85 to $2 a share, down from $2.15 a year prior. Analysts surveyed by FactSet were modeling $2.03 a share.
After the market close, the parent company of Victoria's Secret and Bath & Body Works said earnings fell 24% year-over-year to 42 cents per share in the third quarter. Profit nonetheless beat FactSet's mean estimate of 40 cents a share.