On the economic data front, homebuilder confidence in the United States fell to its lowest point in eight months, hurt by rising costs for construction materials. The National Association of Home Builders reported that its housing-market index dropped by two points to 64 in July - the worst reading since November of last year.
Separately, the Labor Department said US import prices slipped for a second consecutive month in June amidst further declines in petroleum prices, indicating near-term inflation could remain benign. Import prices dipped -0.20% last month after edging -0.10% lower in May. In the 12-months through June, import prices gained 1.50% to record their smallest increase since last November. In the meantime, Nasdaq futures are currently hovering around the key psychological level of 5900 following the surge higher in Netflix and Facebook shares on Tuesday.