This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stock Futures Suggest a Mixed Start

NEW YORK ( TheStreet) -- U.S. stock futures were trading sideways Tuesday following a mixed close for the major indices during the previous trading session.

Futures for the Dow Jones Industrial Average were down 5 points, or 28.39 points below fair value, at 12,871. Futures for the S&P 500 were up 0.4 points, or 1.76 points below fair value, at 1,365.5. Futures for the Nasdaq 100 were up 4.25 points, or 0.98 points below fair value, at 2625.

U.S. stock markets will close Tuesday at 1 p.m. EDT. They will be closed completely on Wednesday for the Independence Day holiday.

U.S. stocks ended mixed Monday with the Dow losing nearly nine points while the S&P 500 and the Nasdaq Composite both posted gains following a weaker-than-forecast report that showed manufacturing activity slowed for the first time in about three years.

On the U.S. economic calendar Tuesday, factory orders will be reported at 10 a.m.; economists expect a rise in May factory orders of 0.4%, compared with a 0.6% decline in April. Car and truck sales will be reported throughout the day.

The FTSE in London was rising 0.23% to 5653.54 while the DAX in Germany was up 0.59%. Hong Kong's Hang Seng index rose 1.51% to 19,735.53; the Nikkei in Japan ended Tuesday with a gain of 0.7%, closing at 9066.59.

August crude oil futures were rising $1.99 to $85.74 a barrel. August gold futures were gaining $18.80 to $1,616.50 an ounce.

The benchmark 10-year Treasury was down 4/32, raising the yield to 1.604%, while the dollar was up 0.11%, according to the dollar index.

Barclays (BCS) CEO Bob Diamond has resigned, making him the second official to leave the bank after an alleged interest-rate rigging scandal.

Chairman Marcus Agius will head the search for Diamond's replacement. Agius resigned Monday after the bank's $453 million settlement of an investigation into alleged interest rate manipulation.

The Wall Street Journal, citing sources, reported Tuesday that Barclays Chief Operating Officer Jerry del Missier also is likely to step down.

Shares of Barclays rose 1.3% in premarket trading Tuesday to $10.91.

Microsoft (MSFT - Get Report) announced plans Monday to record an asset impairment charge of $6.2 billion on its acquisition of aQuantive.

Microsoft's 2007 deal for aQuantive was valued at $6.3 billion.

The charge is to be recorded in the company's results for the fiscal fourth quarter that ended in June.

Microsoft shares ticked down 23 cents, or 0.75%, in premarket trading Tuesday to $30.33.

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
BCS $16.06 -1.10%
MSFT $43.98 0.18%
AAPL $113.29 0.33%
FB $91.01 1.43%
GOOG $630.50 -1.10%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs