US Stock Futures Ease Amid Limited Catalysts; Trade Deficit Narrows


US stock futures were marginally lower Tuesday after a muted trading day Monday and in the wake of a stock market rally in recent weeks. Earnings season is also winding down, with most of the major companies having reported, creating less market-moving news.

Investors are waiting for a address by Chicago Federal Reserve Bank President Charles Evans, which could give indications on central bank policy and the future of the bond-purchasing program. Meanwhile, the trade deficit narrowed to $34.2 billion, its lowest level since Oct. 2009 and below the $43 billion estimate.

Among companies in focus this morning are the Washington Post ( WPO ), rising 5% pre-market after's founder Jeffrey Bezos agreed to buy the company for $250 million late Monday. American Eagle Outfitters ( AEO ) dropped 15% in pre-market trade after being downgraded at B. Riley & Co and McDermott International ( MDR ) slipped 16% after swinging to a Q2 loss.


-Dow Jones Industrial down 0.14%

-S&P 500 futures down 0.10%

-Nasdaq 100 futures up 0.04%

-Nasdaq-100 Pre-Market Indicator down 0.04%


Nikkei up 1.00%

Hang Seng down 1.34%

Shanghai Composite up 0.49%

FTSE-100 down 0.02%

DAX-30 down 0.04%


(-) Large cap tech: lower

(-) Chip stocks: lower

(-) Software stocks: lower

(-) Hardware stocks: lower

(-) Internet stocks: lower

(+/-) Drug stocks: flat

(-) Financial stocks: lower

(+/-) Retail stocks: mixed

(-) Industrial stocks: lower

(+/-) Airlines: flat

(+/-) Autos: mixed


(+) MKTG (+15%) on higher-than-expected guidance for Q3 and FY13.

(+) FOSL (+12%) Q2 revenue beats expectations.

(+) GTAT (+10%) on EPS ahead of market views.

(+) WPO (+5%) after Amazon's Jeff Bezos agrees to buy newspaper for $250 million

(+) KORS (+5%) as Q1 and fiscal 2014 EPS guidance beats views.


(-) AEO (-15%) downgraded by several firms in wake of warning.

(-) REGN (-4%) as Q2 revenues miss estimates.

(-) NRF (-3%) after starting 35 million share offering.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: AEO , MDR , WPO

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