US Stock Futures Signal Mixed Open As Investors Await Economic Data And Earnings Later In The Week
Stock futures suggest a slow start to the week Monday as most big-ticket quarterly earnings announcements and economic data releases are scheduled for later in the week.
On Monday, futures on the Dow Jones Industrial Average were down 0.01 percent while futures on the S&P 500 were up 0.05 percent and those on the Nasdaq were up 0.09 percent. On Friday, the Dow and the S&P 500 fell 0.19 percent while the Nasdaq slipped 0.1 percent. Over the course of the past week, stocks were mixed with the Dow falling 0.32 percent and the S&P 500 slipped 0.13 percent while the Nasdaq gained 0.46 percent.
On the earnings front, EOG Resources Inc. (NYSE:EOG), SolarCity Corp. (NASDAQ:SCTY) and Frontier Communications Corp. (NASDAQ:FTR) are among those scheduled to declare earnings after markets close.
On the data front, the flash Purchasing Managers' Index, or PMI, for the services sector is due at 8:58 a.m. EST. The Dallas Fed general business activity index for February is due at 10:30 a.m. EST.
In Europe, stocks were weak with the Stoxx Europe 600 index trading down 0.21 percent while the FTSE 100 was up 0.37 percent. Germany’s DAX-30 was down 0.15 percent and France's CAC-40 was up 0.04 percent.
In Asia, markets were mixed with Japan’s Nikkei-225 slipped to end the day down 0.19 percent while Australia’s S&P/ASX 200 inched up 0.03 percent. Hong Kong’s Hang Seng was down 0.8 percent while the Shanghai Composite was down 1.75 percent. South Korea’s Kospi was down 0.45 percent, while India’s BSE Sensex rose 0.53 percent.
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