U.S. Stock Futures Edge Lower in Quiet Trade; Market Eyes Yellen Testimony Tuesday

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U.S. stocks pointed lower Monday after an upbeat finish to last week. With no economic releases to give direction to the market, investors await Federal Reserve chair Janet Yellen's testimony before Congress Tuesday. She may offer clues as to whether she plans to continue the size and pace of tapering the asset purchasing program or if recent downbeat economic data may slow it down.

In equities, Hasbro ( HAS ) slipped before the market open after its Q4 figures missed expectations. Meanwhile, AutoNavi ( AMAP ) jumped nearly 27% as Alibaba offered to take the company private for $21 per share.

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial down 0.13%

-S&P 500 futures down 0.21%

-Nasdaq 100 futures down 0.04%

-Nasdaq-100 Pre-Market Indicator up 0.13%

GLOBAL SENTIMENT

Nikkei up 1.77%

Hang Seng down 0.27%

Shanghai Composite up 2.49%

FTSE-100 up 0.14%

DAX-30 up 0.04%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: mixed

(-) Chip stocks: lower

(+/-) Software stocks: flat

(+/-) Hardware stocks: mixed

(+/-) Internet stocks: mixed

(+/-) Drug stocks: mixed

(+/-) Financial stocks: mixed

(+/-) Retail stocks: unchanged

(+/-) Industrial stocks: flat to higher

(+) Airlines: higher

(+/-) Autos: mixed

UPSIDE MOVERS

(+) DKS (+6.3%) Ups Q4 EPS guidance, same-store sales tops views

(+) PLUG (+20.3%) Wins GenKey contract

(+) MSTX (+7.3%) To buy Aires pharmaceuticals in all-stock deal

(+) YELP (+9.1%) Gains on reported pact with YHOO (+2.7%)

(+) INSM (+1.9%) Gets orphan drug OK in the EU

(+) SUPX (+35.6%) Microchip Technology buys co for $33 per share

DOWNSIDE MOVERS

(-) BWP (-30.7%) Q4 income shy of views

(-) TMUS (-2.2%) Slips despite Barclays upgrade

(-) SOHU (-8.9%) Q4 revenue misses expectations

(-) MTSN (-3.4%) To sell shares in offering

(-) DY (-6.6%) Sees Q2 below estimates, cuts Q3 view



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 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: HAS , AMAP

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