On Wednesday, U.S. stocks index futures saw little changes as investors directed their attention to the heightening tensions on the Korean peninsula and concerns that Category 5 hurricane Irma is heading towards the U.S. later this week.
The S&P 500 fell to its largest single-day loss in nearly three weeks on Tuesday after North Korea underwent its most powerful nuclear test yet, over the weekend, igniting a drastic escalation of its standoff with the United States.
Gold increased to near one-year highs, while the bond market rebounded, with the 10-year yield reporting a near 10-month low on Tuesday, as investors sought safety among uncertainties.
Hurricane Irma is anticipated to become the second powerful storm to hit the U.S. mainland in as many weeks but its precise trajectory remained unknown. Hurricane Harvey killed more than 60 people and caused damaged projected as high as $180 billion when it hit Texas late last month.
Also on Wednesday, oil prices rose as a number of refineries, pipelines and ports that were affected by Harvey reopened.
The Federal Reserve issues its Beige Book at 02:00 p.m. E.T. (1800 GMT), an overview of anecdotes on the health of the economy, which will likely provide further evidence about the strength of the economy. Three Fed policymakers on Tuesday expressed doubts about further rate increases, with one influential policymaker calling for a delay in hiking U.S. interest rates until the Fed is optimistic inflation will rally.
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A Commerce Department report is likely to display trade deficit growing to $44.6 billion in July from $43.6 billion in June. The data is expected to be released Wednesday (9/6) 8:30 a.m. ET. Also expected is a report from the Institute for Supply Management at 10:00 a.m. ET on index of nonmanufacturing activity for August.