Investing.com - U.S. stock futures pointed to a lower open on Tuesday, as Monday's upbeat U.S. manufacturing data added to speculation the Federal Reserve could soon begin tapering its monthly asset purchases continued to weigh on equity markets.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.39% fall, S&P 500 futures signaled a 0.32% decline, while the Nasdaq 100 futures indicated a 0.16% loss.
Speculation over the future of the Fed's stimulus program persisted after the Institute for Supply Management said Monday that manufacturing activity in the U.S. expanded at the fastest rate since April 2011 in November, fuelling optimism over the economic recovery.
The ISM manufacturing purchasing managers’ index rose to 57.3 in November from 56.4 in October. Analysts had expected the index to fall to 55.0.
Financial stocks were expected to be active, after JPMorgan Chase and Goldman Sachs had their revised capital plans for 2013 cleared by the Federal Reserve on Monday, a month before next year’s submissions are required.
The energy sector was also likely to be in focus, as BP won an appeals court order stopping some payments under a USD9.2 billion settlement tied to the 2010 Gulf of Mexico oil spill. BP shares were up 0.24% in pre-market trade.
Apple shares rallied 1.12% in early trading, after the tech giant purchased data-analytics firm Topsy Labs, giving the company new tools to spot trends as they emerge on Twitter's social network.
The San Francisco-based startup’s service is used by companies to analyze consumer sentiment on Twitter.
Elsewhere, U.S. movie chain AMC Entertainment Holdings was reportedly planning to raise as much as USD368 million in an initial public offering.
Across the Atlantic, European stock markets were lower. The EURO STOXX 50 tumbled 1.21%, France’s CAC 40 plummeted 1.70%, Germany's DAX retreated 0.98%, while Britain's FTSE 100 declined 0.83%.
During the Asian trading session, Hong Kong's Hang Seng Index declined 0.53%, while Japan’s Nikkei 225 Index gained 0.60%.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.39% fall, S&P 500 futures signaled a 0.32% decline, while the Nasdaq 100 futures indicated a 0.16% loss.
Speculation over the future of the Fed's stimulus program persisted after the Institute for Supply Management said Monday that manufacturing activity in the U.S. expanded at the fastest rate since April 2011 in November, fuelling optimism over the economic recovery.
The ISM manufacturing purchasing managers’ index rose to 57.3 in November from 56.4 in October. Analysts had expected the index to fall to 55.0.
Financial stocks were expected to be active, after JPMorgan Chase and Goldman Sachs had their revised capital plans for 2013 cleared by the Federal Reserve on Monday, a month before next year’s submissions are required.
The energy sector was also likely to be in focus, as BP won an appeals court order stopping some payments under a USD9.2 billion settlement tied to the 2010 Gulf of Mexico oil spill. BP shares were up 0.24% in pre-market trade.
Apple shares rallied 1.12% in early trading, after the tech giant purchased data-analytics firm Topsy Labs, giving the company new tools to spot trends as they emerge on Twitter's social network.
The San Francisco-based startup’s service is used by companies to analyze consumer sentiment on Twitter.
Elsewhere, U.S. movie chain AMC Entertainment Holdings was reportedly planning to raise as much as USD368 million in an initial public offering.
Across the Atlantic, European stock markets were lower. The EURO STOXX 50 tumbled 1.21%, France’s CAC 40 plummeted 1.70%, Germany's DAX retreated 0.98%, while Britain's FTSE 100 declined 0.83%.
During the Asian trading session, Hong Kong's Hang Seng Index declined 0.53%, while Japan’s Nikkei 225 Index gained 0.60%.