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Premarket: Indexes steady but Lululemon shares dive Add to ...

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It's an active morning of macroeconomic developments and corporate news, but markets are largely treading water so far. U.S. stock index futures are near unchanged as overseas markets provide little fresh direction.

The clock is ticking down to the automatic tax hikes and spending cuts set to take hold at the start of next year in the U.S., the so-called "fiscal cliff." The market is looking for any sign of progress in the negotiations, and on Wednesday it got a small hint that there's reason for optimism. A few dozen Republicans joined a bipartisan push to reach an agreement in time by signing a letter calling for openness to "all options." It was enough to spark a minor rally on Wall Street.

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