After ending the previous session mostly higher, stocks may give back ground in early trading on Wednesday. The major index futures are currently pointing to a slightly lower open for the markets, with the S&P 500 down by 0.1 percent.
Traders may look to cash in on yesterday's gains, which lifted the Nasdaq and the S&P 500 to new record closing highs. The S&P 500 closed above 5,500 for the first time ever.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.