RTRS: Wall St futures point lower, econ data in focus
* Futures for the S&P 500 SPc1, the Dow Jones industrial average DJc1 and the Nasdaq 100 NDc1 are down 0.7-1.2 percent.
* The Dow Jones .DJI, the S&P 500 .SPX and the Nasdaq Composite .IXIC notched up gains of 0.4-0.7 percent on Tuesday, driven by optimism that the latest Federal Reserve rescue package could revive a sagging housing market and free up consumer lending.
* Focus on macroeconomic data: key releases are the U.S. core PCE price index for October (seen flat month on month), durable good orders (seen down 3 percent), Chicago PMI (seen at 36.7) and University of Michigan sentiment (seen at 57.7).
* Major companies reporting are jeweler Tiffany & Co TIF and Deere & Co DE, the world's largest maker of farm machinery
* U.S. markets are closed on Thursday for the Thanksgiving holiday. (Reporting by Sitaraman Shankar; Editing by Jon Loades-Carter)
