Summary Futures down: Nasdaq 0.16%, Dow 0.13%, S&P 0.08%June 7 (Reuters) - U.S. stock index futures edged lower on Wednesday as investors remained cautious ahead of inflation data and the Federal Reserve's policy meeting next week, while worse-than-expected China exports data for May hit sentiment.
U.S. shares have also been boosted by a rally in megacap stocks and a stronger-than-expected earnings season.
However, some analysts say that profit-taking may be round the corner for big tech and other major growth stocks.
ET, Dow e-minis were down 43 points, or 0.13%, S&P 500 e-minis were down 3.5 points, or 0.08%, and Nasdaq 100 e-minis were down 23.25 points, or 0.16%.
Shares of Yext Inc jumped 18.4% premarket after the New York-based online marketing firm raised its annual earnings forecast.
Persons:
Charalampos Pissouros, Wells Fargo, Shubham Batra, Vinay Dwivedi
Organizations:
Dow, Nasdaq, XM, Dow e, Netflix, Securities and Exchange Commission, Invest, Yext Inc, Thomson
Locations:
China, U.S, Coinbase, York, Bengaluru