(For a live blog on the U.S. stock market, click LIVE/ or
type LIVE/ in a news window)
* Futures down: Dow 0.19%, S&P 0.24%, Nasdaq 0.39%
By Sruthi Shankar and Ambar Warrick
Sept 25 (Reuters) - U.S. stock index futures edged lower on
Wednesday as a move to launch an impeachment inquiry into
President Donald Trump injected a fresh dose of uncertainty,
with forecast-beating results from Nike Inc helping dispel some
gloom.
The inquiry, which pushed the S&P 500 .SPX to post its
biggest percentage drop in a month on Tuesday, worsened an
already fragile sentiment after Trump hardened his stance over
the trade dispute with China, saying he would not accept a "bad
deal". Futures pointed to opening losses for the main three
indexes, with trade-sensitive shares of chipmakers and
industrial companies trending lower.
Advanced Micro Devices Inc AMD.O , Intel Corp INTC.O and
Nvidia Corp NVDA.O shed between 0.5% to 0.9% in premarket
trading, while Boeing Co BA.N dropped 0.4%.
At 7:14 a.m. ET, Dow e-minis 1YMcv1 were down 51 points,
or 0.19%. S&P 500 e-minis EScv1 were down 7.25 points, or
0.24% and Nasdaq 100 e-minis NQcv1 were down 30.25 points, or
0.39%.
Nike's shares NKE.N jumped 5.7% premarket, on course for a
record open and likely boosting the Dow Jones Industrial Average
.DJI , after first-quarter results beat market expectations.
Shares in retailer Foot Locker Inc FL.N gained 1%.
Chipmaker Broadcom Inc AVGO.O dropped 3% after it priced
an upsized offering of convertible preferred stock. Investors will look to August new home sales data, due at
10:00 a.m. ET (1400 GMT), to gauge domestic spending strength
ahead of the key holiday shopping season.
A weaker-than-expected consumer confidence reading on
Tuesday had raised concerns over slowing individual spending,
driving down several retail stocks, including Amazon.com Inc
AMZN.O .