Overnight futures split direction: Dow Jones futures edged lower while S&P 500 and Nasdaq futures climbed, with oil prices still rising ahead of Wednesday's Apple iPhone event.
Tuesday's cash session set that backdrop, with the major indexes falling—especially the Dow—as higher oil and fresh long-term Treasury yield highs pressured stocks.
Software shares remained under heavy pressure even as many other sectors stayed in play, underscoring a market still rotating rather than moving in one direction.
The mixed futures signal leaves investors balancing tech-specific catalysts against macro headwinds from energy costs and bond yields.