Index futures point to weaker Wall Street open
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fall 0.2-0.3 percent, pointing to a weaker Wall Street open on Tuesday.
ICSC/Goldman Sachs release at 1145 GMT (7.45 a.m. ET) chain store sales for the week ended July 25. In the previous week, sales rose 0.5 percent.
* At 8.55 a.m. ET, Redbook releases its Retail Sales Index of department and chain store sales for July versus June. In the prior period, sales fell 1.7 percent.
Standard & Poor's releases its S&P Case/Shiller Home Price Index for May at 9 a.m. ET. Economists in a Reuters survey expect a decrease of 0.5 percent versus a 0.6 percent fall in April.
Bank of America Corp
General Electric
Visa, the world's largest payment network, is expected to report higher quarterly earnings, as consumers relied more on their debit cards and the company increased prices and trimmed costs.
Results are also due from Viacom, United States Steel, Rockwell Automation, Textron, Paccar
, McGraw-Hill and Office Depot.
U.S. Treasury and State Departments host U.S.-China Strategic and Economic Dialogue, Washington, D.C. Treasury Secretary Timothy Geithner and Chinese Vice Premier Wang Qishan participate in Economic Track opening session (9.15 a.m.).
At 10 a.m., the Conference Board releases July consumer confidence. Economists in a Reuters survey expect a reading of 49.0 compared with 49.3 in June.
B/E Aerospace Inc
Putnam Investments plans to cut fees on some mutual funds, not wanting pricing to hinder growth, the Wall Street Journal said, citing an interview with the company's head of global marketing Jeffrey Carney.
The U.S. Commodity Futures Trading Commission (CFTC) is planning to issue a report next month that suggests that wild swings in oil prices were significantly driven by speculators, the Wall Street Journal reported on its website.
China Unicom <0762.HK>, one of China's top three mobile carriers, has reached a preliminary agreement with Apple
The Dow Jones industrial average <.DJI> rose 15.27 points, or 0.17 percent, to close at 9,108.51 on Monday. The Standard & Poor's 500 Index <.SPX> gained 2.92 points, or 0.30 percent, to 982.18. The Nasdaq Composite Index <.IXIC> added 1.93 points, or 0.10 percent, to end at 1,967.89.
European shares inched lower after hitting their highest level in more than eight months.
Amgen Inc
Shares in Human Genome Sciences
(Reporting by Atul Prakash; editing by John Stonestreet)
© Copyright Thomson Reuters 2024. All rights reserved.