Futures Slip on Weak Durables Growth

Luxury homebuilder Toll Brothers(TOL) swung to a third-quarter profit of $27.3 million, or 16 cents a share, which includes pretax writedowns of $12.5 million and a tax benefit of $26.5 million. Sales, meanwhile, fell to $454.2 million from $461.4 million a year ago. Consensus estimates, which exclude one-time items, had been for a loss of 14 cents a share, according to Briefing.com.

Teen retailer American Eagle(AEO) is expected to report a quarterly profit of 13 cents a share ahead of Wednesday's opening bell, according to Briefing.com.

Elsewhere in commodity markets, the December gold contract was ahead by $5.50, trading at $1,238.90 an ounce.

The benchmark 10-year Treasury note was up by 2/32, diluting the yield to 2.488%.

Meanwhile, the dollar was trading higher against a basket of currencies, with the dollar index up by 0.2%.

Overseas, Hong Kong's Hang Seng slipped 0.1%, and Japan's Nikkei fell 1.7%. The FTSE in London was losing 0.4%, and the DAX in Frankfurt was lower by 0.3%.

--Written by Melinda Peer in New York.

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