Futures are pointing to a slightly higher open for major indexes on Wednesday as the stock market looks to recover from sharp declines yesterday.

Dow Jones futures edged higher early Wednesday, while S&P 500 futures and Nasdaq futures rose slightly.The stock market rally saw losses on the major indexes Tuesday. Chip-equipment giant ASML plunged on weak guidance,

U.S. stock market sees mixed performance as oil prices plunge, tech stocks fall, and earnings results drive uncertainty. Key sectors signal volatile trading.

Stock futures were little changed Tuesday amid a flurry of corporate earnings releases, as the U.S. equities market looks to extend a rally that has pushed major indexes to record highs.

Here's the key consideration for short-term stock traders after Tuesday's modest pullback, Fawad Razaqzada, analyst at City Index and Forex.com, said in a Wednesday morning note: "Betting against the market has proved to be very costly this year,