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

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.

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

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