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Stock futures trade lower following tech rally
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U.S. equity futures traded modestly lower on Wednesday morning, the day after a Wall Street rally led by technology companies, although investors remain concerned about the war in Ukraine and inflation.
The major futures indexes suggest a decline of 0.2% when the opening bell rings.
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Investors were also closely watching what might happen with President Biden joining a NATO meeting and EU Summit Thursday in Europe, where sanctions and the Russian oil embargo will likely top the agenda.
U.S. West Texas Intermediate (WTI) crude futures rose $1.02, or 0.9%, to $110.27 a barrel, after losing 36 cents in the previous session.
Brent futures climbed $1.22, or 1%, to $116.70 a barrel, after falling 14 cents.