U.S. stock index futures briefly edged higher Wednesday following a better-than-expected durable goods orders report, but quickly erased gains to turn mixed again as investors remained cautious ahead of another EU summit later this week.
Few experts expect much resolution from the two-day meeting that starts Thursday after German Chancellor Angela Merkel reiterated her opposition to the common Eurobonds, an idea backed by France, Italy and Spain.
European shares were up slightly while the euro was flat .
Italy's six-month borrowing costs rose to 2.957 percent to their highest since December, piling pressure on the government, which will push for concrete steps to ease market tensions at Thursday’s summit.
Durable goods orders jumped 1.1 percent in May , according to the Commerce Department, following a revised 0.2 percent decrease in April. Economists surveyed by Reuters had expected a gain of 0.4 percent.
And pending home sales data for the month of May will be released at 10:00 am ET. The National Association of Realtors is expected to report a 2.3 percent increase in pending home sales, following a 5.5 percent April rise.
Several of Wall Street's largest investment delivered mixed ratings on Facebook's stock , almost a month after the social-networking giant's market debut.Page 1 of 3 | Next Page