Wall Street: Still seeing red

Futures point to losses at the open after Apple outlook disappoints; investors can't shake recession fears.

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LONDON(CNNMoney.com) -- Wall Street looked set to take another beating Wednesday, as investors reacted to a disappointing outlook from Apple and remained haunted by recession fears.

At 5:32 a.m. ET, Nasdaq and S&P futures were lower, suggesting losses at the start of trading.

Apple (AAPL, Fortune 500) posted record quarterly earnings late Tuesday but issued an outlook that rattled investors. The stock sank more than 12 percent in after-hours trading.

Global stocks have been on a crash course, plunging on worries about a U.S. slowdown. The market rout mostly ended Wednesday as Asian stocks rebounded, although European markets fell in morning trading.

An emergency rate cut the Fed made Tuesday has helped some of the worries hanging over investors worldwide, but there are still concerns that the Fed's dramatic move won't be enough to stave off an economic downturn in the world's largest economy.

U.S. markets finished Tuesday's session lower as the Fed's cut offered little support. With no major economic reports on tap Wednesday, they're likely to face another volatile session.  To top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.