As the investors were waiting for the predictions from the chairman of Federal Reserve, Bernake to get a clue what the U. S central bank thinks of the economy's future. However the U. S. stock index futures budged on Wednesday.

Later, Bernanke has decided to announce its testimony on monetary policy issues and the state of the economy to the U. S. House Financial Services Committee. The investors are much inclined to think over the Fed purchases of mortgage-backed securities, whether they have some metal and could strive on the mortgage rates up and surge a recovery pattern in the market.

S&P 500 futures is swinging up by 1.4 points trailing with it, Dow Jones industrial average futures budged at a 15 point high, and last but not the least, Nasdaq 100 futures joined the wagon by 4.5 points.

Commenting on the economic stability, the Commerce Dept shall be releasing new home sales for January. According to survey conducted by Reuters, it predicted a total 360,000 annualized units in the month, on a comparable basis of 342,000 in December.

Lastly, the housing markets is a humming on a positive note with U. S. luxury builders recording a sleek profit less than expected, making the shares to swing in inclined direction by 3.2 percent to $19.51 premarket.