US stock futures edge higher after market slide

admin Contributor
Font Size:

NEW YORK (AP) — U.S. stock futures are slightly higher a day after a big drop as investors look to Washington for testimony about the causes of the financial crisis from heads of Wall Street’s biggest banks.

Overseas markets were mostly lower as China’s moves late Tuesday to curb bank lending stoked concerns that pace of the global economic recovery may slow. That was one reason stocks fell Tuesday on Wall Street.

On Wednesday, investors prepared for appearances by top officials at Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley and Bank of American Corp. before the first meeting of the Financial Crisis Inquiry Commission.

Dow Jones industrial average futures are up 2 at 10,590. Standard & Poor’s 500 index futures are up 1.20 at 1,135.10, while Nasdaq 100 index futures are up 0.75 at 1,866.25.