The Euro slipped on Wednesday after a Fitch Ratings official said the European Central bank has to do more to help Italy and other countries. Weakness in Europe spread to U.S. markets early, and futures slipped. Investors are also waiting for the Fed to release its Beige Book outlining the economy’s strengths and weaknesses. The Euro fell near its 16-month low against the dollar.
Dow futures fell 30 points to 12,360; S&P 500 futures fell 3.7 points to 1,282.
Supermarket chain Supervalu (SVU) fell 6.7% in pre-market trading on disappointing earnings. Urban Outfitters (URBN) fell 17% after its CEO resigned. Crocs (CROX) rose 5.8% as the company raised its fourth quarter revenue estimate.
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