|
 * Yellen, who is due to speak before the Economic Club of New York
at 12:20 p.m. ET, will make her first remarks since the Fed's
meeting in March.
* The central bank has said it will depend on economic data before
it makes a decision on rates, but several policymakers have voiced
support for more than one increase this year.
* Investors will keep a close eye on Yellen's remarks as they look
for fresh drivers that could push stocks higher. The S&P 500 <.SPX>
is back in the red for the year after a five-week rally fizzled out.
* U.S. stocks ended flat on Monday on low volumes after data
pointing to a sluggish economic recovery reduced concerns of rate
hikes and a dip in oil prices pushed down energy stocks.
* Crude oil fell about 2 percent as analysts forecast that U.S.
stockpiles would touch record levels. [O/R]
* The Conference Board's consumer confidence index, due to be
released at 10:00 a.m. ET, is expected to have risen to 94 in March
from 92.2 in February.
* Among other Fed officials speaking on Tuesday is New York Fed
President William Dudley.
* Shares of Lennar were up 2 percent at $47.68 premarket after the
homebuilder reported results
[to top of second column] |
Futures snapshot at 6:56 a.m. ET:
* Dow e-minis were down 39 points, or 0.22 percent, with
19,254 contracts changing hands.
* S&P 500 e-minis were down 4 points, or 0.2 percent, with
140,511 contracts traded.
* Nasdaq 100 e-minis were down 5.25 points, or 0.12 percent,
on volume of 17,884 contracts.
(Reporting by Yashaswini Swamynathan and Abhiram Nandakumar in
Bengaluru; Editing by Saumyadeb Chakrabarty)
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