Wall Street Stocks Dip Again
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Chinese marketsReuters
•Morning Bid: Alphabet flubs, Yen surges, China returns
79% Informative
U.S. stock futures were back in the red ahead of Wednesday 's bell as shares in megacap Alphabet plunged 7% overnight .
The drop came amid doubts about the Google parent's cloud computing business, much like Microsoft last week , and anxiety about its huge investment in artificial intelligence.
Japan 's yen surged to its best levels of the year so far after domestic wage numbers rekindled talk of another interest rate rise this year .
Nissan shares fell 4% and Honda 's rose 8% .
Key developments that should provide more direction to U.S. markets later on Wednesday .
European Central Bank chief economist Philip Lane speaks in Washington .
January private sector payrolls from ADP , Jan service sector surveys from ISM and S&PGlobal.
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