US futures edge slightly higher

New York - US stock index futures pointed to very slight gains at the open on Wednesday, suggesting that even a positive early read on earnings was not enough to excite buyers after a sharp decline from record levels.

The US bourse is set to open higher as European leaders get ready to meet. Credit: REUTERS

Wells Fargo & Co will report on Friday, while dozens of closely watched companies, including numerous Dow components, will come out next week.

Revenue is seen up 3 percent.

Analysts are looking to earnings for confirmation that the economy recovered in the second quarter from the impact of a harsh winter.

The minutes will be particularly scrutinised for any insight into when the Federal Reserve will first raise interest rates, as the strength of the recent payroll report spurred speculation it will come sooner than previously anticipated.

Dow Jones industrial average e-mini futures rose 17 points, and Nasdaq 100 e-mini futures rose 5 point.

If the benchmark index had ended decisively below that level, it would be a sign of weak near-term momentum.

The two-day skid follows a sharp Wall Street rally that took major indexes to repeated records.

Shares rose 0.5 percent to $47.65 before the bell.

The stock was the most active Nasdaq premarket mover. - Reuters