U.S. futures pointed to a lower open on Tuesday, with the Dow on track for a triple-digit loss amid worries over technology stocks as investors looked ahead to retail earnings.
Technology stocks closed in the red on Monday, amid worry over demand for new Apple AAPL products over the holiday season.
Third-quarter earnings season begins to wind down this week, with some retailers expected to report later Tuesday.
Target (NYSE:TGT) slumped 11% after its earnings came in lower than expected.
Ross Stores (NASDAQ:ROST), Gap Inc (NYSE:GPS) and Foot Locker Inc (NYSE:FL) are also expected to report later in the day.
In economic news, building permits and housing starts are released at 8:30 AM ET (13:30 GMT).
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.