© Reuters.
By Oliver Gray
Investing.com – U.S. stock futures were trading steady during Wednesday’s evening deals, after major benchmark averages finished the regular session lower amid growing fears of an economic downturn after Federal Reserve chair Jerome Powell noted that the central bank remains fully committed to bringing prices under control, despite the possibility of recession.
By 6:45pm ET (10:45pm GMT) were down 0.1%, fell 0.2% and were down 0.4%.
Ahead in the session, market participants will be looking ahead to data, while earnings reports from Darden Restaurants Inc (NYSE:) and Rite Aid Corporation (NYSE:) will be closely watched. Powell is also slated to give to the House, after addressing the Senate on Wednesday.
During Wednesday’s regular trade, the retreated 47.12 points or 0.2% to 30,483.1, the fell 0.1% to 3,759.9 and the dipped 0.2% to close at 11,053.1.
Energy companies were among the biggest laggards as prices retreated, with Occidental Petroleum Corporation (NYSE:) down 3.6%, Devon Energy Corporation (NYSE:) falling 5%, Diamondback Energy Inc (NASDAQ:) down 4.7%, Exxon Mobil Corp (NYSE:) dipping 4% and ConocoPhillips (NYSE:) down 4.4%.
On the bond markets, yields were at 3.16%.
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