Uneasy on Wall Street
Futures point to mixed open for stocks as investors await more bank earnings; crude prices top $112 a barrel.
LONDON (CNNMoney.com) -- Stock futures pointed to a mixed open Tuesday amid worries about bank earnings and climbing oil prices.
At 4:45 a.m. ET, Nasdaq and S&P futures were slightly higher, although a comparison to fair value suggested a mixed start for Wall Street.
The financial sector remains in focus, with earnings from Washington Mutual (WM, Fortune 500) due out after the market close.
High crude prices could also weigh on sentiment. Light, sweet crude for May delivery rose to a new trading high of $112.48 a barrel in electronic trading.
Stocks fell Monday after Wachovia (WB, Fortune 500) reported a quarterly loss and cut its dividend. The company also said it would raise $7 billion through a stock sale.
In major corporate news, Delta (DAL, Fortune 500) and Northwest (NWA, Fortune 500) announced a long-expected merger deal late Monday. The deal, if approved by regulators and employees, would create the world's largest airline and could lead to more consolidation in the sector.
In global trade, Japan stocks rebounded. Major markets in Europe rose in early trading.