Earnings, data, tax, Fed on the agenda

In the last trading session, U.S. equities closed in negative territory, with concerns in regards to a potential global financial slowdown and issues surrounding U.S. tax reform weighing on sentiment.

On Wednesday, the Dow Jones commercial average futures fell a lot more than 100 points at 5:00 a.m. ET.

Commodities seemed to have some impact on trade, as essential oil prices declined after the IEA slashed it is outlook for essential oil demand growth by 100,000 barrels each day for 2017 and 2018. At 5:10 a.m. ET, U.S. West Texas Intermediate (WTI) slipped to trade around $55.18, while Brent hovered around $61.60 per barrel.

A slew of data is set to be released Wednesday. At 8:30 a.m. ET, retail product sales, consumer selling price index (CPI) data and the Empire Point out Manufacturing survey are scheduled for release.

Business inventories are set to be released at 10 a.m. ET, while Treasury International Capital (TIC) data arrives out at 4 p.m. ET. Home loan applications may also be produced, as normal, at 7 a.m. ET.

In earnings, Tencent, Aim for, Cisco Systems and L Brands are a number of the big brands set to create their latest monetary figures.

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