US Stock Futures Down Ahead Profit Taking

US Stock Futures are down, this morning lead by the record highs in all major US Indices. Futures for the Dow Jones Industrial Average droped 13 points to 15,178.00 and S&P 500 index futures slipped 3 points to 1,647.60. Nasdaq 100 futures gained 3.25 points to 2,998.00. US stock futures closed lower on Tuesday, Futures for the Dow Jones Industrial Average declined 22 points to 15,072.00 and S&P 500 index futures dropped 2.80 points to 1,630.70. Nasdaq 100 futures fell 6.25 points to 2,986.00. Data on MBA Purchase Applications will be released at 7:00 a.m. ET, while the Producer Price Index will be released at 8:30 a.m. ET. The Empire State Mfg Survey report will be released at 8:30 a.m. ET, while data on money Treasury International Capital will be released at 9:00 a.m. ET.Data on Industrial Production will be released at 9:15 a.m. ET, while Housing Market Index will be released at 10:00 a.m. ET. Reports on the E-commerce Retail Sales will be released at 10:00 a.m ET, while the EIA Petroleum Status Report will be released at 10:30 a.m. ET. Analysts expect Cisco Systems, Inc. CSCO to post its Q3 earnings at $0.39 per share on revenue of $12.18 billion. Cisco stocks rose 0.28% to $21.33 in the after-hours trading yesterday. Google Inc. GOOG has announced the launch of an audio-streaming paid service in the Android platform. Google shares moved up 0.28% to $889.59 in the after-hours trading on Tuesday. Wall Street expects Macy's, Inc. M to post its Q1 earnings at $0.53 per share on revenue $6.40 billion. Macy's shares climbed 1.29% to $48.00 in the after-hours trading session yesterday. Myraid Genetics MYGN holds the patent rights for genetic breast cancer test that determined Hollywood actress, Angelina Jolie had 87% chance of developing the disease as an initiative of awareness from the actress. Myraid Genetics stocks jumped 0.44% to $34.25 in the after-hours trading session yesterday. European markets were mostly lower today. The STOXX Europe 600 Index rose 00.12%, London's FTSE 100 Index dropped 0.20%, French CAC 40 Index declined 0.11% and German DAX 30 index fell 0.10%. Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 2.29%, China's Shanghai Composite rising 0.35% and Australia's S&P/ASX 200 dropping 0.56%. Hong Kong's Hang Seng climbed 0.50% and India's Sensex surged 2.50%.