• The Dow Jones Industrial Average .DJI fell 50.81 points, or 0.24 percent, to 21,029.47, the S&P 500 .SPX lost 2.91 points, or 0.12 percent, to 2,412.91 and the Nasdaq Composite .IXIC dropped 7.01 points, or 0.11 percent, to 6,203.19.
U.S. stocks inched lower on Tuesday, with the S&P 500 retreating slightly from a record, as weakness in the energy and financial sectors outweighed gains in technology shares.
• Oil prices fell to keep U.S. crude CLc1 below the $50 a barrel mark on concerns output cuts by the world's big exporters may not be sufficient to lessen a global glut and signs of resurgent output in Libya.
• U.S. consumer spending recorded its biggest increase in four months in April and monthly inflation rebounded, pointing to firming domestic demand that could allow the Federal Reserve to raise interest rates next month.
• Traders currently see an 86.6-percent chance of a quarter-point rate hike by the Fed at its June meeting, according to Thomson Reuters data.
• Asian stocks were steady in a cautious start on Wednesday after a weak session on Wall Street, while the sterling stumbled as a new poll found British Prime Minister Theresa May's Conservative Party risks falling short of an overall majority in next month's national election.
• In Asia, the Nikkei 225 traded lower by 0.42 percent while the Kospi dipped 0.34 percent in early Wednesday trade.
Reference: Reuters, CNBC
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