OTCDD

[Foxlette]

NEW YORK (CBS.MW) -- Broad market buyers were set to step up to the plate Wednesday, though tech investors appeared cautious after delivering the Nasdaq a win Tuesday following two days of losses.

June S&P 500 futures advanced 2.20 points, or 0.2 percent, and were trading around 2.90 points above fair value, according to HL Camp & Co. But Nasdaq futures shed 1.50 points, or 0.1 percent, and were trading around 0.60 point under fair value.

Government bonds eased back a bit in early action, with the 10-year Treasury note declining 3/32 to yield (CBOE: ^TNX - news) 5.045 percent while the 30-year government bond gained 1/4 to yield (CBOE: ^TYX - news) 5.645 percent.

Economic news will be scant on Wednesday, with only the ISM services index for May on the agenda.

Checking the pulse of the currency sector, the dollar maintained some strength against the yen following the Bank of Japan's intervention efforts on Tuesday.

The greenback edged up 0.1 percent to 124.33 yen while the euro declined 0.2 percent to 93.73 cents.