Listen to this article
This is an experimental feature. Give us your feedback. Thank you for your feedback.
What do you think?
US stock futures struggled to make headway on Tuesday with investors’ attention focused on the latest batch of corporate earnings and news surrounding tax reforms on Capital Hill.
With less than two hours to go before the opening bell, S&P 500 futures are down 0.2 per cent, while Dow Jones Industrial Average and Nasdaq 100 futures both fell about 0.1 per cent.
Among the early movers, Home Depot fell 0.8 per cent in pre-market trading even after the home improvement chain delivered a bigger-than-expected rise in third quarter sales and profits and lifted its full-year outlook.
TJX Companies, the parent of TJ Maxx and Marshalls, is due to reports its results later this morning.
Elsewhere, investors continue to track the latest developments around the Republicans’ efforts to pass a sweeping overhaul of US tax codes before the end of the year.
Central bankers were also in focus, with Federal Reserve chair Janet Yellen speaking at a European Central Bank panel, alongside ECB chief Mario Draghi, Bank of Japan governor Haruhiko Kuroda and the Bank of England’s Mark Carney.
Investors will be on the lookout for hints on the path for US interest rates.
The dollar – as measured by the DXY index – is 0.4 per cent lower at 94.13 while yield on the 10-year note is largely unchanged at 2.3931 per cent.