Stocks headed for a weak start

chart_sp500_futures082410.top.gifClick chart to track futures. By CNNMoney.com staff


NEW YORK (CNNMoney.com) -- U.S. stocks were headed for a lower start Tuesday, following declines in global markets on lingering economic worries. Investors were also anticipating a weak report on the housing market.

Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were down. Futures measure current index values against perceived future performance.

Stocks ended a choppy session lower Monday, after concerns about the economy cooled upbeat sentiment tied to a recent spate of corporate dealmaking.

"There's a huge amount of frustration about the speed of the recovery and concerns that it has hit a wall, said Tom Speiss, head of personal wealth advisers at Eisner LLP. "I'm expecting the market to move laterally following downward trends in Asia and Europe."

Economy: Housing will take center stage after the market opens, when the National Association of Realtors reports on sales of existing homes.

Economists surveyed by Briefing.com expect a drop to an annual rate of 4.72 million units in July, from 5.37 million in June.

Companies: Barnes & Noble (BKS, Fortune 500), which put itself up for sale earlier this month, reports quarterly earnings before the opening bell.

Analysts expect the bookseller to report a fiscal first-quarter loss of 80 cents per share, versus a profit of 14 cents per share a year ago.

World markets: European shares sank in early trading. The CAC 40 in France fell 1.4%, Britain's FTSE 100 lost 1.1%, and the DAX in Germany fell 1%.

Asian markets ended mixed. Japan's benchmark Nikkei index ended down 1.3% and the Hang Seng in Hong Kong fell 1.1%. But the Shanghai Composite edged up 0.4%.

Currencies and commodities: The dollar fell to a 15-year low against the Japanese yen, but climbed against the euro and the British pound.

Oil futures for October delivery fell 95 cents to $72.15 a barrel. Gold for December delivery slipped $8 to $1,220.50 an ounce.

Bonds: Prices for Treasurys were higher. The yield on the 10-year note fell to 2.55% from 2.61% late Monday. Bond prices and yields move in opposite directions. The U.S. Treasury will offer $37 billion worth of 2-year notes on Tuesday. To top of page

Just the hot list include
Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Index Last Change % Change
Dow 32,627.97 -234.33 -0.71%
Nasdaq 13,215.24 99.07 0.76%
S&P 500 3,913.10 -2.36 -0.06%
Treasuries 1.73 0.00 0.12%
Data as of 6:29am ET
Company Price Change % Change
Ford Motor Co 8.29 0.05 0.61%
Advanced Micro Devic... 54.59 0.70 1.30%
Cisco Systems Inc 47.49 -2.44 -4.89%
General Electric Co 13.00 -0.16 -1.22%
Kraft Heinz Co 27.84 -2.20 -7.32%
Data as of 2:44pm ET

Sections

Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands. More

Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.