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Stock Futures Suggest a Mixed Start

Stocks in this article: ^DJI^GSPC^IXICBCSMSFT

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) 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.

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