Stock futures are lower on Wednesday morning. Near 9:32 a.m. ET, the Dow was down 67 points, the S&P 500 was down three points, and the Nasdaq was down nine 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. Netflix shares opened more than 2% higher after the company announced a 7-for-1 stock split Tuesday afternoon. SEE ALSO: 10 things you need to know before the opening bell Join the conversation about this story » NOW WATCH: How to undo sent emails in Gmail
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