Stock index futures were higher on Wednesday, a day after Wall Street closed in the red, driven by disappointing economic data. S&P 500 futures (SPX) +0.5%, Nasdaq 100 futures (US100:IND) +0.4%, and Dow futures (INDU) +0.

Wall Street's main indexes swung to losses on Tuesday after data showed U.S. services activity unexpectedly stalled and investors considered the impact of U.S. trade policies on corporate profits.

Wall Street had roared back to life on Monday by posting its best session since May 27 and recouping last week's losses when disappointing July jobs data and sharp downward revisions to prior months fueled expectations of a Fed rate cut in September.

The health of the U.S. economy is a major focus for markets, and Wall Street closed lower on Tuesday after data showed services sector activity unexpectedly flatlined in July.

Asian shares are mostly higher in muted trading after discouraging U.S. economic data pulled Wall Street stocks lower

Wall Street stock indexes fell on Tuesday as investors weighed tariff concerns and weaker than expected U.S. economic data, while equities in Europe and Asia notched gains.

(Reuters) -U.S. stock index futures rose on Wednesday amid growing expectations of the Federal Reserve's interest rate cuts this year, while investors assessed a new wave of corporate earnings.

S&P 500 and Dow futures climbed on Wednesday, as investors assessed a fresh round of corporate earnings, while renewed optimism that the Federal Reserve will soon deliver long-awaited interest rate cuts kept markets buoyant.