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* Both JPMorgan Chase & Co and Johnson & Johnson
are scheduled to report Tuesday morning, with Intel Corp
expected after the market closes. All three are Dow components,
and in addition to JPMorgan, Wells Fargo & Co is also
scheduled to result.
* Trading could be light until those names come in and give the
market direction, but concerns have been growing that this
earnings season will be weak due to lower oil prices -- expected
to sharply weigh on energy profits - and a strong U.S. dollar --
which tends to hurt profits for U.S. multinationals.
* Late Monday, Norfolk Southern Corp forecast a surprise
drop in its first-quarter earnings and revenue.
* First-quarter profits for S&P 500 companies are seen falling
2.9 percent, according to Thomson Reuters data. On Jan 1,
analysts were looking for growth of 5.3 percent.
* In deal news, Nokia Oyj is in talks to buy Alcatel-Lucent, a
deal that would combine the telecom industry's two weakest
players but could pose challenges in cutting costs and
overcoming political opposition.
* U.S. shares of Nokia fell 7 percent to $7.72 in heavy
premarket trading while Alcatel rose 3.9 percent to $4.52 on the
New York Stock Exchange.
Futures snapshot at 631 ET:
* S&P 500 e-minis were down 1.5 points, or 0.07 percent,
with 91,069 contracts changing hands.
* Nasdaq 100 e-minis were down 6 points, or 0.14 percent,
in volume of 14,000 contracts.
* Dow e-minis were down 12 points, or 0.07 percent, with 17,460
contracts changing hands.
(Editing by Keith Weir)
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