Wall Street Targets To Bounce Back

(RTTNews) - New home sales might be the focus on Wednesday. Early trends on the U.S. Futures Index suggest that Wall Street might open slightly positive. In the Asian trading session, the dollar consolidated, while gold hit a fresh record high at $3,777 per ounce. Oil extended overnight gains. As of 8.20 am ET, the Dow futures were adding 56.00 points, the S&P 500 futures were 10.25 points and the Nasdaq 100 futures were gaining 55.25 points. The U.S. major averages finished lower on Tuesday. The tech-heavy Nasdaq led the way lower, slumping 215.50 points or 1.0 percent to 22,573.47. The S&P 500 slid 36.83 points or 0.6 percent to 6,656.92, while the narrower Dow dipped 88.76 points or 0.2 percent to 46,292.78. On the economic front, the U.S.