U.S. stock index futures were little changed on Wednesday after Wall Street notched its fifth straight gain as investors digested weak earnings from shipping giant FedEx.
Futures for the Dow Jones Industrials squeezed 11 points Wednesday to 28,295
Futures for the S&P 500 acquired one point at 3,196.50.
The NASDAQ Composite inched higher four points, or 0.1% to 8,609.25.
On Tuesday, the S&P 500 posted its longest winning streak since November and had a record closing high along with the Dow and NASDAQ.
However, Wall Street headed for a slow start to the session after FedEx shares dropped more than 7% on disappointing quarterly numbers.
The company’s earnings and revenue missed analyst expectations. FedEx also cut its guidance for the rest of its fiscal year.
Stocks broke out to new records last week after President Donald Trump and Chinese officials announced that the world’s two largest economies had agreed on a so-called “phase-one” deal.
It is understood that Beijing agreed to billions of dollars in agricultural purchases from the U.S., while Trump said he would not move ahead with a new round of planned tariffs, among other items.
Overseas, in Japan, the Nikkei 225 fell 0.6% Wednesday, while in Hong Kong, the Hang Seng Index nosed up 0.2%.
Oil prices sank 29 cents at $60.85 U.S. a barrel.
Gold prices dipped $1.30 to $1,479.30 U.S. an ounce.