Investing.com – U.S. stock futures pointed to a modestly lower open on Tuesday, as markets awaited further developments in regards to Greece’s sovereign debt crisis as well as reports on home prices and consumer confidence.
Dow Jones Industrial Average futures pointed to a decline of 0.15%, the S&P 500 futures edged 0.1% lower, while Nasdaq 100 futures indicated a drop of 0.2%.
Riots ensued in Athens ahead of parliament’s vote Wednesday on the EUR28.4 billion, five-year austerity package. Approval is necessary to secure the release of additional bailout loans needed to avert a sovereign debt default.
Meanwhile, shares in German engineering conglomerate Siemens dropped 3.5% in pre-market trade after it warned that second-half earnings were likely to be weighed by a slowdown in the global economic recovery.
Global-positioning equipment manufacturer Garmin saw shares slump 3% after European rival TomTom cut its full-year profit and sales forecasts, citing slowing U.S. demand.
On the upside, shares in the world’s largest sporting-goods maker Nike rallied 4.7% after it said fiscal fourth quarter revenue rose 14% to USD5.77 billion, surpassing expectations for revenue of USD5.53 billion.
Shares in information technology firm Accenture surged 5.4% after S&P Indices announced late Monday that the company will be added to the S&P 500 index after the close of trading on July 5.
Meanwhile, Microsoft shares were in focus as the company was expected to unveil an online version of its Office software later in the day.
Other stocks in focus included professional networking website LinkedIn, who saw shares jump 5.3% after both JP Morgan and UBS upgraded the stock.
Across the Atlantic, European stock markets were mixed, with Greece in focus. The EURO STOXX 50 dipped 0.1%, France’s CAC 40 climbed 0.55%, Germany's DAX shed 0.2%, while Britain's FTSE 100 advanced 0.45%.
During the Asian trading session, regional indices were broadly higher. Japan’s Nikkei 225 index jumped 0.74%, while Hong Kong’s Hang Send index edged 0.1% higher.
Later in the day, the U.S. was to publish industry data on house price inflation as well as a report on consumer confidence.
Dow Jones Industrial Average futures pointed to a decline of 0.15%, the S&P 500 futures edged 0.1% lower, while Nasdaq 100 futures indicated a drop of 0.2%.
Riots ensued in Athens ahead of parliament’s vote Wednesday on the EUR28.4 billion, five-year austerity package. Approval is necessary to secure the release of additional bailout loans needed to avert a sovereign debt default.
Meanwhile, shares in German engineering conglomerate Siemens dropped 3.5% in pre-market trade after it warned that second-half earnings were likely to be weighed by a slowdown in the global economic recovery.
Global-positioning equipment manufacturer Garmin saw shares slump 3% after European rival TomTom cut its full-year profit and sales forecasts, citing slowing U.S. demand.
On the upside, shares in the world’s largest sporting-goods maker Nike rallied 4.7% after it said fiscal fourth quarter revenue rose 14% to USD5.77 billion, surpassing expectations for revenue of USD5.53 billion.
Shares in information technology firm Accenture surged 5.4% after S&P Indices announced late Monday that the company will be added to the S&P 500 index after the close of trading on July 5.
Meanwhile, Microsoft shares were in focus as the company was expected to unveil an online version of its Office software later in the day.
Other stocks in focus included professional networking website LinkedIn, who saw shares jump 5.3% after both JP Morgan and UBS upgraded the stock.
Across the Atlantic, European stock markets were mixed, with Greece in focus. The EURO STOXX 50 dipped 0.1%, France’s CAC 40 climbed 0.55%, Germany's DAX shed 0.2%, while Britain's FTSE 100 advanced 0.45%.
During the Asian trading session, regional indices were broadly higher. Japan’s Nikkei 225 index jumped 0.74%, while Hong Kong’s Hang Send index edged 0.1% higher.
Later in the day, the U.S. was to publish industry data on house price inflation as well as a report on consumer confidence.