Stocks leaning lower toward the open

NEW YORK (CNNMoney.com) -- U.S. stocks were set for a lower open Tuesday, ahead of a slew of economic data, as investors mulled the previous session's big run-up.

Dow Jones industrial average (INDU) and S&P 500 (SPX) futures were slightly lower while Nasdaq (COMP) futures were flat.

Futures measure current index values against perceived future performance.

Wall Street roared on Monday, lifted by positive economic news and strong earnings from Europe. The S&P 500 surged 2.2% and the Dow and Nasdaq also each climbed 2%.

But after such a strong start to August, investors will wait take their cue from economic data due throughout the day.

"After yesterday's spectacular run-up, we've qot a quiet trading environment across the globe," said Art Hogan, chief market strategist at Jefferies & Co. "We've got a number of economic reports, so it's a bit of a wait-and-see game for now. But it's encouraging to see that markets haven't given back yesterday's gain ahead of all that data."

Economy: A number of reports are on tap Tuesday, including readings on personal income, factory orders, home sales and auto sales.

Both personal income and spending were unchanged in June, the government said. Economists polled by Briefing.com had expected spending to remain flat but were forecasting personal income to edge up 0.1% in June, following a revised 0.3% gain in May.

A report on factory orders that is due after the bell is expected to show a 0.5% dip in June on total orders.

Economists expect pending home sales to remain slow in June, with a 5% decline, after a 30% plunge in May, as weakness in the sector contines.

July auto and truck sales are due throughout the day.

Companies: Research in Motion (RIMM) is expected to launch a new touch-screen BlackBerry.

On the earnings front, Pfizer (PFE, Fortune 500) posted second-quarter profit and revenue that beat estimates. Shares of the drugmaker were up 2.4% in pre-market trading.

Procter & Gamble (PG, Fortune 500) reported that its fiscal fourth-quarter net income fell 12% from a year earlier, missing expectations. Sales rose modestly, but also fell short of forecasts. The firm's stock slipped 3.6% in pre-market trading.

Archer Daniels Midland's (ADM, Fortune 500) profit climed to $446 million and trounced forecasts, but the agricultrual product company's revenue fell, surprising analysts. Shares of the company were up 1.1% in pre-market trading.

World markets: European markets were lower in the early going, with Germany's DAX, Britain's FTSE 100 and France's CAC 40 posted mild losses.

In Asia, Japan's Nikkei jumped 1.3% and the Hang Seng in Hong Kong gained 0.2%. The Shanghai Composite tumbled 1.7%.

Currencies and commodities: The dollar was lower versus the euro, the British pound and the Japanese yen.

U.S. light crude oil for September delivery rose 76 cents to $82.10 a barrel.

COMEX gold's December contract edged up $4 to $1,189.40 per ounce.

Bonds: Treasury prices rose, pushing the yield on the 10-year note down to 2.93% from 2.97% late Monday. Bond prices and yields move in opposite directions.