Stock futures are lower (SPY, DJI, IXIC, TLT, USD, USO, WTI, OIL, VDE)

Akin Oyedele

Stock futures are lower on Wednesday morning.

Near 8:43 a.m. ET, Dow futures were down 74 points, S&P 500 futures were down eight points, and Nasdaq futures were down 11 points.

Stocks finished higher but didn't post an impressive rally on Tuesday, although the Nasdaq hit a record high for a second straight day.

The final reading of first-quarter Gross Domestic Product came in at -0.2%, an improvement from the previous estimate of -0.7%.

The week started with optimism about Greece, but that's quickly fading. Prime Minister Alexis Tsipras said that the country's creditors rejected bailout proposals it put forward on Monday.

Monday's meeting had been seen as a key step towards a deal.

Greece is now just six days away from its due loan payment to the IMF of €7.2 billion ($8.2 billion.)

At 10:30 a.m. ET, the Energy Information Administration will release weekly data on US crude oil inventories.

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