NEW YORK (CNN/Money) -
Investors took in the latest economic numbers early Tuesday, as well as some cautious comments from Intel's CEO, and appeared set to send the market into a third straight day of declines.
Shortly after 9 a.m. ET, stocks looked set for a weak start, with S&P and Nasdaq futures pointing lower in before-hours trading. The July durable goods orders report, which came in as expected, did little to change the downward tilt of the futures market.
Stock prices fell Monday, with the Dow industrials down modestly and the Nasdaq composite ending little changed despite a report that sales of existing homes surged to a record. (For more on Monday's market action, click on the chart.)
Tuesday will also bring data on consumer confidence and new home sales.
In addition, Intel CEO Craig Barrett cautioned Tuesday that its third-quarter sales rebound that excited investors might be temporary and was not a sure sign that the sector had emerged from its three-year slump.
Overseas, stocks rose in Japan but ended lower elsewhere in Asia, while share prices started higher in Europe.
Treasury prices fell further after the durables report, pushing the yield on the 10-year note up to 4.60 percent from 4.52 percent late Monday. Bond prices and yields move in opposite directions.
July durable goods orders rose 1 percent after a 2.3 percent increase in June. The increase had been anticipated by economists.
The dollar edged higher against the Japanese yen and the euro.
The dollar hit a fresh one-month low against the yen Monday as traders bought the Japanese currency on signs that the world's No. 2 economy may be emerging from its prolonged slump.
Elsewhere on the economic front, the Conference Board's index of consumer sentiment probably rose to 79.6 in August, according to economists surveyed by Briefing.com, from 76.6 in July.
And July new homes are seen coming in at an annual rate of 1.15 million, a shade below June's 1.16 million but still strong.
The government report follows Monday's report from a real estate group that existing home sales surged to a record high in July.
While Monday's number came in much stronger than expected, it also probably marked the peak in the housing market as fence-sitters decided to buy before mortgage rates rise further, economists said.
-- Reuters contributed to the story
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