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Market Snapshot: Dow futures edge up, joining a global stock-market advance

Reuters

Google’s parent Alphabet unveiled its own branded smartphones in a direct challenge to Apple Inc.

U.S. stock losses mounted on Tuesday following a report that the European Central Bank could start winding down its quantitative easing program ahead of schedule.

The ECB may gradually scale back its bond purchases of 80 billion euros ($89.7 billion) a month before the program’s scheduled March 2017 conclusion, Bloomberg reported citing anonymous eurozone central bank officials.

“Today may be the day investors have started to prepare for a rate hike around the world and they may be speculating that the ECB won’t extend the program after March,” said Mark Kepner, managing director of sales and trading at Themis Trading.

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