A darkening economic outlook continued to linger in investor minds as they increased bets of more interest rate cuts this year from the Federal Reserve.
Fed funds futures point to more than 50 basis points worth of easing priced in by year-end, up from about 40 bps a week ago. That in turn undermined the dollar on Wednesday.
Key developments that could influence markets on Wednesday:
Nvidia earnings
Federal Reserve's Tom Barkin, Raphael Bostic speak