On the corporate side, retailer J.C. Penney(JCP) reported a decline in quarterly revenue and same-store sales and a steepening loss compared to the year-ago quarter. But shares rose in premarket trading over brightening hope for the retailer, which said that same-store sales pulled out of the gutter in October.
Deere & Co.(DJDEFDD), otherwise known as John Deere, reported that quarterly net income made significant gains, but worldwide sales in heavy equipment took a dive during the period. Shares rose in premarket trading.
Green Mountain Coffee Roasters(GMCR) is scheduled to report quarterly results in the afternoon.
Lowe's(LOW) reported a double-digit gain in quarterly profit, which Chief Executive Officer Robert Niblock attributed to the strengthening market for home improvement. But shares dipped in premarket trading.
Shares in JPMorgan Chase(JPM) were weak in premarket trading after the investment bank announced a $13 billion settlement with the U.S. Department of Justice over mortgage-backed securities sold ahead of the financial crisis.
Yahoo(YHOO) shares rose in premarket trading following the news on Tuesday that the company is boosting its stock buyback by another $5 billion.