U.S. Stock Futures Suggest Modest Rebound At Wednesday Open

About 10 hours ahead of the start of U.S. stock trading in New York, share-index futures were implying a moderately higher open for the Wednesday session. Futures for the S&P 500 , Dow Jones Industrial Average and Nasdaq 100 all pointed to a 0.3% gain at the start of trade. While the futures could very possibly move from their current levels, especially after the European markets open, the advance would mark a rebound from heavy losses seen Tuesday amid jitters over an expected Federal Reserve interest-rate hike later this year. In Tuesday trade, the Dow industrials lost 1.9%, while the S&P 500 and Nasdaq Composite fell 1.7% each, with the trio all ending the day near their lows of the session. The modest advance for the futures came as the major East Asian markets traded mixed, with Tokyo's Nikkei Average finishing the morning with a 0.5% rise, but with Hong Kong's Hang Seng Index down 0.2%.