Stock Futures Tick Down. China Euphoria Fades With Focus Shifting to Soft Landing.

Stocks were on track for a quiet open on Wednesday as excitement about China’s latest monetary support package started to fizzle out. Futures for the Dow Jones Industrial Average and S&P 500 were flat, after both indexes hit record highs on Tuesday. It’s a sign that traders have already stopped thinking about Beijing’s efforts to prop up its flagging economy, with focus likely shifting to whether or not the U.S. Federal Reserve will be able to engineer its dream “soft landing” scenario.