U.S. stock futures started Wednesday lower after a tech-led selloff in the prior session. An MIT report said the vast majority of companies investing in generative AI have yet to see returns. Global stock markets mostly took their cue from that, too, albeit with a more mixed picture in Asia. Investors await clues on the Federal Reserve’s plans for interest-rate cuts, with the minutes from its last meeting landing later. Still, the decisive factor will be what Fed Chair Jerome Powell says in a speech at the Jackson Hole symposium Friday. Elsewhere, Sweden’s Riksbank held its benchmark rate steady as expected, while Bank Indonesia cut by 25 basis points to 5.0%.

Lowe’s and Target report earnings after Home Depot posted disappointing quarterly results on Tuesday, while Walmart reports on Thursday.