Earnings and Economic Woes May Pressure Stocks
The major U.S. index futures are pointing to a notably lower opening on Tuesday, with the mood turning markedly negative following the release of disappointing results and guidance many big name companies, including Pfizer, Procter & Gamble and Caterpillar. A report released short while ago showed that durable goods orders unexpectedly dropped in December, while the results of a house price survey fell in November. The weak data and earning news could aggravate risk aversion in the markets.
1/27/2015 8:58:25 AM Stocks are likely to come under pressure in early trading on Tuesday, offsetting the modest strength seen in the previous session. The major index futures are currently pointing to a sharply lower open for the markets, with the Dow futures down by 282 points.