US futures dip after recent gains

New York - US stock index futures were lower on Wednesday, as investors struggled to find reasons to keep buying with indexes still hovering near record levels.

File image. Credit: THE PHOTO HOLIC

The Dow ended at a fourth straight record Tuesday, while the S&P 500 closed lower after four days of record finishes.

The lighter-than-average volume could make the market vulnerable to sharp fluctuations, while some view the low levels of the CBOE Volatility index - the so-called 'fear gauge' - as a sign the market is not fully taking into account issues that could derail the rally.

Dow Jones industrial average futures lost 62 points and Nasdaq 100 futures slid 16.5 points.

Shares rose 0.5 percent to $334.02 in premarket trading.

Shares of BofA dipped 8 cents to $15.84 in premarket trading. - Reuters