The Market On Wednesday

Futures are down, so its likely that the market will follow and open down as well.

There is an announcement scheduled for 12:15, where the Fed may call for another interest rate cut. The cut is expected to happen.

The cut could generate a small period of gains, we shall see. Recent cuts have not done much to hold back the day's activities especially if the trend is downward.

Reuters: Stock futures point to decline; Fed rate cut expected

Shares are set to fall on Wednesday, with futures for the Dow Jones, S&P 500 and Nasdaq down between 1.9 and 2.4 percent.