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Stock Market Today: Stock Futures Flat, Market Grapples With Jitters Overseas

Stocks in this article: ^DJI ^GSPC ^IXIC NUAN AMZN DIS CZR

NEW YORK (TheStreet) -- U.S. stock futures were hovering near the flat line less than an hour before the opening bell after stocks finished well off their intraday highs on Monday.

S&P 500 (SPY) futures were up 2.25 points, or 2.18 points above fair value, to 1,934.75. Dow Jones Industrial Average (DIA) futures were up 8 points, or 2.02 points above fair value, to 16,523. Nasdaq (QQQ) futures were up 3.5 points, or 1.84 points above fair value, to 3,908.5.

Read More: August 12 Premarket Briefing: 10 Things You Should Know

Investor caution deepened as European stocks sustained losses on renewed uncertainty in the Ukraine and as the French current account deficit gaped wider. The latest economic confidence index from Germany’s prestigious ZEW economic research center dropped to well below the consensus.

Furthermore, the possibility of early U.S. interest rate hikes remained a concern amid the steady flow of better-than-expected economic data.

The Labor Department's Job Openings and Labor Turnover Survey for June will be released at 10 a.m. Ahead of the open, the July NFIB Small Business Optimism Index reported an uptick of 0.7 points to 95.7.

In company headlines, Amazon (AMZN) is doubling down on its attempt to squeeze Walt Disney (DIS) for price concessions, blocking preorders for Captain America: The Winter Soldier and other DVDs. Disney was flat at $87.53 in premarket trading while Amazon was slightly higher at $319.24.

Read More:  European Stocks Shrink on Ukraine Uncertainty, French Deficit

Nuance Communications (NUAN), maker of speech-recognition software like Dragon NaturallySpeaking, missed analyst expectations on its third-quarter revenue but met profit-per-share estimates as reported yesterday. Its new forecast is lower than expected. Nuance was dropping 7.96% to $16.66. Caesars Entertainment (CZR) the casino operator, lost money on weak business in Atlantic City, despite a strong quarter in Las Vegas. The company has not booked a profit since 2009.

 

Read More: Stock Market Today: Markets Finish Well off Intraday Highs

 

--By Andrea Tse in New York

Follow @AndreaTTse

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