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Stocks Mixed Ahead of Open as Senate Debt Pact Isn't Done Deal; Citigroup Weighs

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U.S. stock futures were mixed Tuesday as somewhat optimistic news out of the Capitol competed with a flurry of mixed earnings results.

Senate leaders on Monday suggested they had made progress on reaching a deal that would end the government shutdown - now in day 15 - and raise the debt limit by Oct. 17, when the U.S. would have started defaulting on debts.

A deal reached in the Senate would still have to be approved by the House of Representatives, where recalcitrant Tea Party Republicans have prevented Speaker John Boehner from bringing a bill to the floor that didn't include delaying or defunding the Affordable Care Act.

And, after banking giant Citigroup ( C ) reported Q3 results that missed expectations, the S&P 500 turned slightly negative, followed by the Dow, while Nasdaq remained slightly higher. C was down 0.91% in premarket trade. At the other end of the spectrum, Coca-Cola ( KO ) gained 1.13% after posting mixed results.

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial down 0.10%

-S&P 500 futures down 0.13%

-Nasdaq 100 futures up 0.07%

-Nasdaq-100 Pre-Market Indicator up 0.15%

GLOBAL SENTIMENT

Nikkei up 0.26%

Hang Seng up 0.51%

Shanghai Composite down 0.19%

FTSE-100 up 0.77%

DAX-30 up 0.69%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: mixed

(+/-) Chip stocks: mixed

(+/-) Software stocks: mixed

(+/-) Hardware stocks: mixed

(+) Internet stocks: higher

(+/-) Drug stocks: mixed

(-) Financial stocks: lower

(+/-) Retail stocks: mixed

(+/-) Industrial stocks: mixed

(+/-) Airlines: mixed

(+) Autos: higher

UPSIDE MOVERS

(+) FB (+0.89%) Evercore raises price target to $60 from $45

(+) TSLA (+3.41%) Wedbush ups rating to Outperform from Neutral; raises PT

(+) JNJ (+1.16%) Q3 results tops expectations and raises earnings guidance

DOWNSIDE MOVERS

(-) SVNT (-83.44%) Files for chapter 11 bankruptcy protection

(-) CWTR (-26.19%) Cuts Q3 results guidance; explores strategic options

(-) MCP (-17.18%) Co plans $200 million share sale

(-) TDC (-14.70%) Goldman cuts rating to Neutral, price target to $50 from $74

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

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

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