Stock index futures signal dip after rally
U.S. stock index futures pointed to a slightly lower opening on Wall Street on Tuesday, with futures for the S&P 500 down 0.27 percent, Dow Jones futures down 0.18 percent and Nasdaq 100 futures down 0.25 percent.
Media conglomerate Time Warner Inc
Qualcomm
Nortel Networks Corp
GMAC Chief Executive Al de Molina has resigned, and will be replaced by Michael Carpenter, the troubled lender said on Monday.
Companies announcing results on Tuesday include Home Depot Inc
Investors awaited U.S. monthly producer prices data, due at 1330 GMT.
Billionaire Warren Buffett's Berkshire Hathaway Inc
Investor George Soros's hedge fund reported holdings of $6.2 billion during the third quarter, an increase of $2 billion, after taking a stake in Ford
CIT Group Inc
Coca-Cola Co
The chief financial officer of Playboy Enterprises Inc
, Linda Havard, resigned on Monday, effective at the end of the year, the company said. Separately, Golden Gate Capital said in a statement that it is not and will not be involved in any way with any potential acquisition of Playboy Enterprises, Inc.
After the closing bell on Monday shares in Sunpower
SVB Financial Group's
Oil prices fell on Tuesday, but clung to most of their previous session gains of 3 percent, hovering near $79 a barrel as traders took profits ahead of the release of key U.S. indicators and a weekly fuel inventories report.
The dollar was off 15-month lows on Tuesday but its broad downtrend still looked intact after senior Federal Reserve officials reinforced a view that rates would be low for a while.
Japan's Nikkei average <.N225> edged down 0.6 percent on Tuesday, with exporters such as Sony Corp <6758.T> weighed on by a strong yen, while European shares retreated from a 13-month closing high and snapped a four-day winning run, with commodity stocks leading the losers as investors pocketed gains in raw material prices.
U.S. stocks rose broadly on Monday, sending indexes to fresh 13-month closing highs, after Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates would stay low to spur growth.
The Dow Jones industrial average <.DJI> gained 136.49 points, or 1.33 percent, to 10,406.96. The Standard & Poor's 500 Index <.SPX> shot up 15.82 points, or 1.45 percent, to 1,109.30 -- its first close above the psychologically important 1,100 level since October 2008.
The Nasdaq Composite Index <.IXIC> jumped 29.97 points, or 1.38 percent, to 2,197.85. The benchmark S&P 500 is now up 64 percent since the 12-year closing low of March 9.
(Reporting by Blaise Robinson; Editing by Greg Mahlich)
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