Stocks are likely to open Tuesday's session modestly lower, as another light day on the economic calendar might provide an excuse for traders to lock in gains following a recent rally. The major index futures are all currently in negative territory, with the Dow futures down by 18 points.
The day marks the one-year anniversary of the March lows set last year, which dropped the major averages to multi-year lows.
Amid another day lacking first-tier economic data, uncertainty in Europe, especially in Spain following the sovereign debt crisis in Greece, and flat trading across the Asian markets may be influencing market sentiment.
Traders are also likely to focus on comments from Chicago Federal Reserve Bank President Charles Evans, who will be speaking at the National Association for Business Economics annual policy conference in Arlington, Virginia, beginning at 9:30 a.m. ET.
In earnings news, tax consulting service provider H&R Block Inc. (HRB) reported a 6.9 percent increase in third quarter earnings, beating Wall Street estimates, while the company's revenue failed to meet expectations.
Television service provider TiVo Inc. (TIVO) reported a wider net loss for the fourth quarter, hurt by lower subscription additions and higher operating expenses. Looking ahead, the company provided revenue guidance for the first quarter, forecasting revenue below current estimates.
Also on the corporate front, chipmaker Texas Instruments Inc. (TXN) raised the low end of its first quarter revenue and earnings guidance, with the mid-points of the new ranges coming in above analysts' current consensus estimates.
In a scheduled mid-quarter update, the Dallas, Texas-based company said it now expects first quarter revenue to be in the range of $3.07 billion to $3.19 billion, compared to its prior guidance of $2.95 billion to $3.19 billion.
Stocks were unable to find a clear direction on Monday, as attention turned to corporate developments in the absence of clues on the broader economy. The major averages finished on opposite sides of the unchanged mark after last week's strong gains.
Oil prices have fallen by $1.38 to $80.49 a barrel after rising $0.37 to $81.87 a barrel on Monday. Gold futures, which slid by $11.20 to $1,124 an ounce on Monday, are currently down by $6.70 to $1,117.30 an ounce.
On the currency front, the dollar is higher against the major European currencies, rising to $1.3553 against the euro and advancing to $1.4957 against the pound. Meanwhile, the dollar is moving lower against the Japanese yen and is currently trading at 89.78 yen.
In overseas trading, stock markets across the Asia-Pacific region closed on a mixed note on Tuesday. Japan's benchmark Nikkei 225 Index slid by 0.2 percent, while Hong Kong's Hang Seng Index gained 0.1 percent.
Meanwhile, the major European markets are moving to the downside. The U.K.'s FTSE 100 Index is down by 0.6 percent, while the German DAX Index and the French CAC 40 Index are both down by 0.5 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.