Stock futures point to softer opening
Stock futures were down on Tuesday morning, indicating a weaker start for Wall Street. The futures for Dow, the S&P 500 and the Nasdaq were down 0.1 to 0.3 percent by 4:20 a.m. EDT.
The U.S. S&P/Case-Shiller home price index for July is due at 9 a.m. EDT. Economists in a Reuters survey expected prices to rise 0.5 percent versus a 1.4 percent increase in the previous month.
The Conference Board releases September consumer confidence numbers at 10 a.m. EDT. Economists in a Reuters survey expected a reading of 57.0 compared with 54.1 in August.
UBS
Dell Inc
Goldman Sachs
European planemaker Airbus
Delta Air Lines
U.S. companies reporting results on Tuesday include Nike, Micron Tech, Walgreen and Jabil Circuit.
The dollar rose against the yen on Tuesday as a rebound from an eight-month low prompted investors to trim short positions and after Japan's finance minister said currency intervention was possible in extreme cases. The yen's retreat helped lift the Nikkei average <.N225> 0.9 percent.
European shares <.FTEU3> ticked down 0.2 percent, with weaker commodity issues offsetting gains made by financials.
Oilfield services company Cameron International Corp in the offshore Brazil market, and Cameron's shares rose more than 1 percent in after-hours trading.
Chief Executive Howard Schultz called Starbucks Corp's
Federal Reserve Bank of Dallas President Richard Fisher will give a status report on the economy before the Texas Christian University Business Network of Dallas Breakfast.
U.S. stocks rallied on Monday, snapping a three-day losing streak, as a spurt of corporate takeovers in the technology and health-care sectors fueled optimism about share values. Mergers and acquisitions are typically viewed as bullish as it suggests companies are more optimistic about the business outlook.
The Dow Jones industrial average <.DJI> rose 124.17 points, or 1.28 percent, to end at 9,789.36. The Standard & Poor's 500 Index <.SPX> gained 18.60 points, or 1.78 percent, to 1,062.98. The Nasdaq Composite Index <.IXIC> shot up 39.82 points, or 1.90 percent, to 2,130.74.
(Reporting by Dominic Lau; Editing by Hans Peters)
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