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
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 (
), rising 5% pre-market after Amazon.com's founder Jeffrey Bezos
agreed to buy the company for $250 million late Monday. American
Eagle Outfitters (
) dropped 15% in pre-market trade after being downgraded at B.
Riley & Co and McDermott International (
) slipped 16% after swinging to a Q2 loss.
U.S. PRE-MARKET INDICATORS
-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%
PRE-MARKET SECTOR WATCH
(-) 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
(+) 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
(-) AEO (-15%) downgraded by several firms in wake of
(-) REGN (-4%) as Q2 revenues miss estimates.
(-) NRF (-3%) after starting 35 million share offering.
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