US Stock Futures Inch Lower

U.S. batch futures leaned reduce as unsatisfactory mercantile information from Europe helped set a disastrous tone.

About 90 mins forward of a open, Dow Jones Industrial Average futures slipped 19 points, or 0.1%, to 16821.

SP 500 index futures eased 3 points, or 0.2%, to 1950 and Nasdaq-100 futures were probably unvaried during 3795. Changes in batch futures don’t always accurately envision batch moves after a opening bell.

On Monday, a Dow and SP 500 ticked incompletely reduce to snap six-session winning streaks, and to start a week with a daily detriment for a initial time given Apr 7.

The indolent trade sourroundings continued Monday, as altogether volume remained well-below normal and a SP 500 stretched a strain of shutting adult or down by reduction than 1% to 46 sessions, a longest such strain given 1995.

Small-company bonds looked staid to underperform a extended marketplace for a second-straight session. The iShares Russell 2000 exchange-traded account slipped 0.4% in premarket trading.

“We’re positively in a still zone,” pronounced Art Hogan, arch marketplace strategist during Wunderlich Securities. “We’re struggling to find that matter that moves us out of this indolent grub that we’ve been in.”

Weaker-than-expected business certainty information from Germany progressing Tuesday, joined with unsatisfactory euro-zone information on mercantile activity on Monday, helps explain because a European Central Bank is still aggressively relocating to kindle a economy, Mr. Hogan said. The ECB cut seductiveness rates progressing this month.

At 9:00 a.m. Eastern, a SP/Case-Shiller 20-city home-price index for Apr is approaching to rose 11.4% from year ago levels.

After a open, new home sales for May, due during 10 a.m., are seen rising 0.5% on a month to 435,000. At a same time, a Conference Board’s consumer certainty index for Jun and a reading on production activity in a Richmond segment are both foresee to parasite adult somewhat in June.

The produce on a 10-year Treasury note ticked reduce to 2.612% from 2.622% late Monday.

Gold futures gained 0.5% to $1,325.50 an ounce, putting them on lane for a fifth-straight gain. Crude-oil futures edged adult 0.1% to $106.32 a barrel. The dollar mislaid some belligerent opposite a euro though inched aloft opposite a yen.

European markets fell after unsatisfactory information from Germany, with a Stoxx Europe 600 down 0.3% and headed for a third-straight loss.

The Ifo Institute’s German business view index for Jun fell to 109.7 from 110.4 in May, next expectations of 110.2, as companies disturbed about a intensity impact of a crises in Ukraine and Iraq.

The markets bounced off their lows, after Bank of England Gov. Mark Carney suggested concerns about low salary expansion in a U.K. could impact a executive bank’s skeleton to lift seductiveness rates after this year.

Asian markets were mostly higher, with China’s Shanghai Composite tacking on 0.5% and Japan’s Nikkei Stock Average adding 0.1%.

In corporate news, Micron Technology modernized 1.2% after a semiconductor association reported late Monday better-than-expected mercantile third-quarter practiced gain and revenue, nonetheless sales of memory chip products declined. Before a recover of a results, a batch was adult 32% given a finish of March.

Walgreen fell 1.1% after a drugstore sequence reported mercantile third-quarter practiced gain that fell brief of expectations, amid increasing vigour on pharmacy sum distinction margins, while same-store sales for a entertain rose reduction than forecast.

Vertex Pharmaceuticals soared 56% on complicated premarket volume after a association pronounced late-stage trials of a diagnosis for a certain form of cystic fibrosis met their primary endpoints.

Write to Tomi Kilgore during tomi.kilgore@wsj.com

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