Wall Street set for flat open; Trump conference in focus

U.S. stocks were set open largely flat on Wednesday, ahead of President-elect Donald Trump's first formal news conference, where he is expected to give more insight into his plans to boost economic growth. Trump, who takes office on Jan. 20, is scheduled to speak in New York at 11:00 a.m. ET (1600 GMT). Trump's election in November sparked a record-setting rally.