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U.S. stocks: Futures dip ahead of Fed minutes, Apple up
MADRID (MarketWatch) — U.S. stock futures pushed south on Wednesday amid some concerns the rally could be running out of some steam, though no big action was expected ahead of the minutes of the latest Federal Open Market Committee meeting.

Shares of Apple Inc. were slightly higher in premarket after setting a closing record on Tuesday, while Lowe’s Cos. fell on results.

Futures for the Dow Jones Industrial Average DJU4, -0.12% fell 18 points to 16,863, while those for the S&P 500 index SPU4, -0.04% eased 2.6 points to 1,974.60. Futures for the Nasdaq-100 index NDU4, -0.06% fell 2.75 points to 4,031.50.

No economic events are on Wednesday’s calendar beyond the minutes of the July 29-30 FOMC meeting. Some of the language in the July policy statement was more hawkish, with the Fed dropping language describing the jobless rate as “elevated,” instead noting “a range of labor market indicators suggests that there remains significant under-utilization of labor resources.”

“The question which everyone will be asking is if the Fed are ready to increase the interest rate sooner rather than later. Some hawkish members have certainly started beating the drums of an early increase,” said Naeem Aslam, chief market analyst at Ava Trade. http://www.marketwatch.com/story/us-markets-futures-dip-ahead-of-fed-minutes-2014-08-20