NEW YORK (CNNMoney.com) -- U.S. stocks were set for a shaky start Wednesday, as investors mulled the previous session's run up and awaited a slew of economic readings.
At 8 a.m. ET, Dow Jones industrial average (INDU), Nasdaq (COMP) and S&P 500 (SPX) futures were all about 0.3% lower.
Futures measure current index values against perceived future performance.
U.S. markets rallied Tuesday as concerns about Europe's debt woes eased. The Dow gained 2.1%, the S&P 500 jumped 2.4% and the Nasdaq climbed 2.8%.
Economy: Investors are bracing for a day chock full of economic readings.
A report on housing starts and building permits comes out at 8:30 a.m. ET. Also due at that time is a reading on inflation at the wholesale level.
At 9:15 a.m. ET, a report on capacity utilization and industrial production is due to be released.
Companies: Stocks to watch include, FedEx (FDX, Fortune 500) which is due to report its latest financial results before the opening bell.
Gulf oil spill: President Obama is due to meet BP Chairman Carl-Henric Svanberg Wednesday.
The meeting comes a day after Obama, during an Oval Office address, vowed to make BP (BP) pay for the costs of cleaning up the oil disaster.
World markets: European shares rose in early trading, although gains were modest. Britain's FTSE 100, the CAC 40 in France and Germany's DAX were all slightly higher.
In Asia, Japan's Nikkei rallied 1.8%. Markets in Hong Kong, Taiwan and China were closed for a holiday.
Dollar and commodities: The euro, British pound and Japanese yen posted slight losses against the dollar.
U.S. light crude oil for July delivery fell 51 cents to $76.43 a barrel. COMEX gold's August contract added 30 cents to $1,234.70 per ounce.
Bonds: Treasury prices inched up, lowering the 10-year note's yield to 3.29% from 3.31% the day before. Bond prices and yields move in opposite directions. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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