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Futures point to a slightly weaker open on Wall Street

Alexandra Gibbs
Michael Nagle | Bloomberg | Getty Images. The tax cut passing may be a classic 'sell the news' event. Here's how to play it, from CNBC's Bob Pisani.

U.S. stock index futures

pointed to a slightly weaker open on Wednesday after

Wall Street closed at record highs

in the previous session.

The

S&P 500

rose 0.3 percent to close at 2,496.48, achieving intraday and closing records. The

Dow Jones industrial average

finished at 22,118.86, managing to deliver a record close. The

Nasdaq composite

closed 0.3 percent higher at 6,454.28, a record closing high.

On Wednesday, stocks looked set for a small pullback, with S&P futures slipping 4.75 points, while Dow and Nasdaq 100 futures declined 21 points and 16.25 points, respectively.While investors have been breathing a cautious sigh of relief in recent days as Hurricane Irma wasn't as volatile and catastrophic as predicted, market watchers remain on edge as the next hurricane is expected to make landfall soon.In commodities

, oil prices were higher on Wednesday following the

latest report by the IEA

, with U.S. crude trading around $48.66 per barrel, while Brent was at $54.65.

When it comes to data, mortgage applications jumped nearly

10 percent last week amid the lowest rates in almost a year

. The Producer Price Index rose 0.2 percent in August, less than expected. ET. The Treasury budget release will then follow, due out at 2 p.m. ET.

Elsewhere in individual stock news, Apple

(NASDAQ: AAPL)

had its latest consumer products event on Tuesday, where investors were waiting with bated breath over what the company would launch next.

At the event, the tech giant revealed its

latest iPhone called the iPhone X,

which has prices starting from $999 and will ship from November. The company also put on display its new

iPhone 8 and 8 Plus

, a

new Apple Watch and their Apple TV 4K

.

Overseas,

European stocks

were trading under pressure in early market trade, while

markets in Asia

closed on a mixed note.

Follow CNBC International on

Twitter

and

Facebook

.

U.S. stock index futures

pointed to a slightly weaker open on Wednesday after

Wall Street closed at record highs

in the previous session.

The

S&P 500

rose 0.3 percent to close at 2,496.48, achieving intraday and closing records. The

Dow Jones industrial average

finished at 22,118.86, managing to deliver a record close. The

Nasdaq composite

closed 0.3 percent higher at 6,454.28, a record closing high.

On Wednesday, stocks looked set for a small pullback, with S&P futures slipping 4.75 points, while Dow and Nasdaq 100 futures declined 21 points and 16.25 points, respectively.

While investors have been breathing a cautious sigh of relief in recent days as Hurricane Irma wasn't as volatile and catastrophic as predicted, market watchers remain on edge as the next hurricane is expected to make landfall soon.

In commodities

, oil prices were higher on Wednesday following the

latest report by the IEA

, with U.S. crude trading around $48.66 per barrel, while Brent was at $54.65.

When it comes to data, mortgage applications jumped nearly

10 percent last week amid the lowest rates in almost a year

. The Producer Price Index rose 0.2 percent in August, less than expected. ET. The Treasury budget release will then follow, due out at 2 p.m. ET.

Elsewhere in individual stock news, Apple

(NASDAQ: AAPL)

had its latest consumer products event on Tuesday, where investors were waiting with bated breath over what the company would launch next.

At the event, the tech giant revealed its

latest iPhone called the iPhone X,

which has prices starting from $999 and will ship from November. The company also put on display its new

iPhone 8 and 8 Plus

, a

new Apple Watch and their Apple TV 4K

.

Overseas,

European stocks

were trading under pressure in early market trade, while

markets in Asia

closed on a mixed note.

Follow CNBC International on

Twitter

and

Facebook

.



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