Even stronger-than-expected inflation data and a speech from Federal Reserve Chairwoman Janet Yellen failed to stir markets to action on Friday as the S&P 500 declined by 0.22% and the Dow Jones Industrial Average fell 0.29%. The Nasdaq ticked lower by 0.03%.
Today, the Dow futures moved lower by 17 points, down about 0.09% in New York, with other index futures also moving to the downside. S&P 500 E-mini futures fell 0.19% and Nasdaq 100 E-mini futures were also lower by 0.19%.
The euro fell 0.49% against the dollar and the pound was also lower, down 0.35%.
More merger news developed over the long weekend, with Charter Communications (CHTR) agreeing to buy Time Warner Cable (TWC) in a cash-and-stock deal valued at $78.7 billion. Time Warner Cable shares are being valued at $195.71 in the deal.
The stock was rising more than 8% in pre-market trading on Tuesday to $185.50. Charter shares were up 2.7% to $180.06.
Abroad, the Australian gold and nickel miner Sirius Resources reportedly agreed on Monday to a cash-and-shares takeover offer worth about $1.4 billion by a bigger Australian rival Independence Group, the Journal reported.
Also in metals, the Canadian miner Barrick Gold (ABX) said it would sell an Australian gold operation to local miner Evolution Mining for about $550 million, as the miner aims to reduce its debt, the Journal also reported.