Upbeat results from Apple after hours, however, could give the market a boost on Wednesday. Shares of Apple, the biggest company by market capitalization, rose 2.8 percent to USD 116.89 after it reported higher-than-expected earnings and revenue.
Apple's stock ended the regular session down 0.6 percent at USD 114.55. Nasdaq 100 e-mini futures NQc1 also edged up after Apple's results.
"Both earnings and revenues were above expectations, which I think was well embraced based on the fact that a lot of companies have been struggling on the top line," said Daniel Morgan, senior portfolio manager at Synovus Trust Company, which owns Apple shares.
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