US Fed Meeting Focus, Corporate Earnings, Tech Outlook Dent Wall Street Pre-Bell; Asia Mixed, Europe Up

07:18 AM EDT, 08/20/2025 (MT Newswires) -- Wall Street futures pointed modestly lower pre-bell Wednesday as traders weighed earnings reports, the tech outlook, and awaited clues from the nation's central bank.

The Federal Reserve at 2 pm ET will release minutes from its July 29-30 policy meeting.

In the futures, the S&P 500 was down 0.1%, the Nasdaq was 0.2% lower and the Dow Jones was off 0.3%.

Asian exchanges traded unevenly overnight, with Hong Kong gaining after positive comments regarding China-US trade from officials in Beijing and Washington.

European bourses edged higher midday on the continent.

On the earnings scene, Target (TGT) stock was down 7% pre-bell after the company reported lower fiscal Q2 adjusted earnings and net sales.

Lowe's (LOW) shares were up 3% pre-bell after the company posted higher-than-expected fiscal Q2 adjusted earnings and revenue in addition to lifting its fiscal 2025 revenue guidance.

On the economic calendar, in addition to the Fed minutes, is the Atlanta Fed Business Inflation Expectations report for August at 10 am, followed by the weekly EIA petroleum status release at 10:30 am.

Federal Reserve Governor Christopher Waller and Atlanta Fed President Raphael Bostic speak on Wednesday.

In premarket activity, Bitcoin traded at $113,660, West Texas Intermediate crude oil traded higher at $62.43, and 10-year US Treasuries offered 4.29%. Spot gold traded for $3,327 an ounce.

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