Investing.com - U.S. stock futures pointed to a steady open on Tuesday, as investors remained cautious amid ongoing concerns over the U.S. government shutdown and a potential default.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.05% rise, S&P 500 futures signaled a 0.04% gain, while the Nasdaq 100 futures indicated a 0.10% increase.
President Barack Obama repeated Monday that he is willing to negotiate with congressional Republicans on a range of topics, including healthcare and energy policy, but only after the government is reopened.
Mr. Obama also called on Congress to raise the government borrowing limit ahead of the October 17 deadline, the date which the Treasury Department has estimated the U.S. could risk a default.
Republican House Speaker John Boehner on Sunday said the House will not support bills to fully reopen the government or increase the U.S. debt ceiling unless the Obama administration agrees to talks aimed at reducing the deficit.
Aluminum producer Alcoa was expected to be in focus, as the company was set to kick off earnings season after the close on Tuesday. Shares slid 0.38% in extended trade, after Morgan Stanley cut its rating on the company to "equal weight" from "overweight" on Monday.
Amazon was also likely to be active, after defeating International Business Machines' effort to reopen bidding for a CIA cloud-computing contract, sending shares up 0.16% in pre-market trade.
The U.S. Court of Federal Claims granted Amazon’s request for judgment on the administrative record following a hearing on Monday. IBM shares dipped 0.01% in late trading.
In the telecom sector, AT&T dropped 0.88% pre-market amid reports the company is in talks with America Movil to enter the European telecommunications market together.
Other stocks likely to remain in focus included Yum Brands, scheduled to report quarterly earnings later in the day.
Across the Atlantic, European stock markets were lower. The EURO STOXX 50 slipped 0.22%, France’s CAC 40 retreated 0.41%, Germany's DAX fell 0.17%, while Britain's FTSE 100 declined 0.70%.
During the Asian trading session, Hong Kong's Hang Seng Index climbed 0.89%, while Japan’s Nikkei 225 Index rose 0.30%.
Also Tuesday, data showed that China’s HSBC services purchasing managers’ index dipped to 52.4 from August's reading of 52.8, but remained well above the 50 level that separates expansion from contraction.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.05% rise, S&P 500 futures signaled a 0.04% gain, while the Nasdaq 100 futures indicated a 0.10% increase.
President Barack Obama repeated Monday that he is willing to negotiate with congressional Republicans on a range of topics, including healthcare and energy policy, but only after the government is reopened.
Mr. Obama also called on Congress to raise the government borrowing limit ahead of the October 17 deadline, the date which the Treasury Department has estimated the U.S. could risk a default.
Republican House Speaker John Boehner on Sunday said the House will not support bills to fully reopen the government or increase the U.S. debt ceiling unless the Obama administration agrees to talks aimed at reducing the deficit.
Aluminum producer Alcoa was expected to be in focus, as the company was set to kick off earnings season after the close on Tuesday. Shares slid 0.38% in extended trade, after Morgan Stanley cut its rating on the company to "equal weight" from "overweight" on Monday.
Amazon was also likely to be active, after defeating International Business Machines' effort to reopen bidding for a CIA cloud-computing contract, sending shares up 0.16% in pre-market trade.
The U.S. Court of Federal Claims granted Amazon’s request for judgment on the administrative record following a hearing on Monday. IBM shares dipped 0.01% in late trading.
In the telecom sector, AT&T dropped 0.88% pre-market amid reports the company is in talks with America Movil to enter the European telecommunications market together.
Other stocks likely to remain in focus included Yum Brands, scheduled to report quarterly earnings later in the day.
Across the Atlantic, European stock markets were lower. The EURO STOXX 50 slipped 0.22%, France’s CAC 40 retreated 0.41%, Germany's DAX fell 0.17%, while Britain's FTSE 100 declined 0.70%.
During the Asian trading session, Hong Kong's Hang Seng Index climbed 0.89%, while Japan’s Nikkei 225 Index rose 0.30%.
Also Tuesday, data showed that China’s HSBC services purchasing managers’ index dipped to 52.4 from August's reading of 52.8, but remained well above the 50 level that separates expansion from contraction.