NEW YORK (CNNMoney)
U.S. stock futures were lower ahead of the bell, matching a weak performance across most global markets.
The pullback comes as major U.S. indexes hover near historic levels.
The S&P 500 hit a fresh high Tuesday after a disappointing jobs report for September fueled expectations that the Federal Reserve will continue to prop up the U.S. economy and delay any tapering of its massive bond-buying program until 2014.
Corporate earnings season continues in full swing, with Boeing (BA, Fortune 500), Caterpillar (CAT, Fortune 500) and exchange operator Nasdaq (NDAQ) among those due to release quarterly results before the opening bell Wednesday. AT&T (T, Fortune 500) is up in the afternoon.
It's a light day for economic news, with the Bureau of Labor Statistics monthly report on import and export prices out at 8:30 a.m. ET.
Related: Fear & Greed Index
Netflix (NFLX) shares fell in after-hours trading Tuesday after hedge fund manager Carl Icahn revealed that he had reduced his stake in the company.
European markets were lower in morning trading, while Asian markets ended firmly in the red. Japan's Nikkei index slumped 2% as stronger yen hurt exporters, and stocks in Hong Kong and China closed with heavy losses.
First Published: October 23, 2013: 4:57 AM ET
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