Intel(INTC) shares edged lower in premarket trading as the chipmaker posted earnings and sales in line with expectations. The company reported another decline in chip sales for PCs, however, with revenue from that business falling 6% compared to a year earlier.
Fairway Group Holdings, the parent of Fairway Market, priced an initial public offering at $13 a share -- above its estimated range. The company will start trading Wednesday under the ticker FWM.
American Express(AXP) and eBay(EBAY) are due to report results after the close.
In economic news, the Federal Reserve will release the April edition of its Beige Book, a survey of regional economies, at 2 p.m. ET.
Gold prices slid $3 to $1,384.40 an ounce. Prices had managed a modest recovery on Tuesday, a day after the biggest sell-off in decades.
U.S. stocks rose Tuesday, bouncing back from the biggest one-day sell-off of the year amid concerns about global economic weakness and following the Boston terror attack.