U.S. equities futures dipped slightly Wednesday after stocks extended their rally in the previous session, even as fears of an inverted yield curve sparked recession concerns and investors continued watching developments play out in Ukraine.
Futures for the Dow Jones Industrials lost 75 points, or 0.2%, to 35,115.
Futures for the S&P 500 was down 10 points, or 0.1%, to 4,615.50.
Futures for the NASDAQ Composite Index slid 45.5 points, or 0.3%, to 15,192.25.
Several retail stocks were under pressure in premarket trading after disappointing quarterly reports, including Five Below and Chewy.
On the positive side, shares of chipmaker Micron rose 4% after the company beat estimates on the top and bottom lines. Apparel stock Lululemon jumped 7% after issuing upbeat guidance and announcing a share buyback program.
Russia said late Tuesday it would reduce its military presence in some parts of Ukraine, but several countries — including the U.S. and U.K. — remain skeptical over Moscow's pledge. Meanwhile, Russian attacks on Ukraine continued Wednesday.
Investors will be watching economic data scheduled to be released Wednesday, including economic growth data, home sales data and ADP's national employment report.
In Asia, the Nikkei 225 in Japan unloaded 0.8%, while in Hong Kong, in contrast, the Hang Seng index jumped 1.4%.
Oil prices recovered $2.53 to $106.77 U.S. a barrel.
Gold prices gathered $11.70 to $1,929.70 U.S.