NEW YORK (
) -- U.S. stock futures pointed to a weaker open Tuesday as markets bet that Portugal or Spain will be the next eurozone nation to seek a bailout package.
Futures for the
Dow Jones Industrial Average
were down by 83 points, or 85 points below fair value, at 10,956. Futures for the
were 11 points lower, or 11 points below fair value, at 1176 and
futures were off by 22 points, or 21 points below fair value.
Stocks slumped Monday as news of Ireland's €85 billion ($113 billion) bailout package
failed to offset eurozone contagion concerns.
On Tuesday, yields on Portuguese, Spanish, Italian and Belgium bonds increased. The euro continued to decline, slipping below the $1.30 mark for the first time since mid-September. The euro was last down to $1.2984 from $1.3123.
The FTSE in London was down by 0.4% and the DAX in Frankfurt was also off by 0.4%. Hong Kong's Hang Seng shed 0.7% and Japan's Nikkei lost 1.9%.
"Cyber Monday" sales jumped 19.4% year-over-year as of midnight, according to Comscore. Average order values rose 8.3% to $194.89 from $180.03 previously. Jewelry was one of the best-selling categories.
National Retail Federation estimated that 212 million shoppers visited stores and online sites during the first weekend of the holiday shopping season. That compares with 195 million a year ago.
According to Experian,
saw the most business on "Black Friday" followed by
. Amazon's stock was off by 0.8% at $178 ahead of Tuesday's opening bell and Wal-Mart's stock was down by 0.5% at $53.60.
Home prices fell 1.5% in September, according to the Case-Shiller Index. The 20-city home price index grew 0.6%, disappointing expectations for a 1% uptick, according to Briefing.com.
Manufacturing activity in Chicago area is expected to have dipped slightly in November as economists expect the Chicago Purchasing Managers Index to show a reading of 59.6 after coming in at 60.6 in October.
At 10 a.m., the Conference Board is expected to report that consumer confidence rose to a reading of 52 in November, from 50.2, previously.
were declining 1% to $34.35 in early trading as the company named its president, Kenneth Frazier, to the additional position of CEO. Frazier succeeds Richard Clark who has served as CEO since 2005 and will continue as chairman effective Jan. 1, 2011.
is the subject of a European Commission antitrust investigation. The commission is determining whether the search company abused its position as the dominant search engine in online searches. Shares were down 1.2% at $575.44 in premarket trading.
In commodity markets, the January crude oil contract was down by 82 cents to trade at $84.91 a barrel. The most actively traded February gold contract was up by $17.50 to $1,385 an ounce.
The dollar traded higher against a basket of currencies with the dollar index up by 0.6%, and the benchmark 10-year Treasury note strengthened 20/32, diluting the yield to 2.755%.
--Written by Melinda Peer in New York
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.