|
 * Global security concerns also remained on the forefront after the
U.S. State Department issued a global travel alert for Americans and
Turkey said it shot down a Russian warplane that had violated its
airspace near the Syrian border.
* Travel and leisure-related stocks slipped. Shares of travel
website operator Priceline were down 1.8 percent, while cruise
operators Carnival Corp and Royal Carribean were down about 1
percent in premarket trade.
* U.S. stocks closed slightly lower on Monday after last week's
strong gains as Pfizer's <PFE.N> $160 billion deal for Allergan <AGN.N>
failed to impress investors.
* Investors will be scrutinizing data this week for further insight
into the state of the economy ahead of the Fed's policy meeting next
month, at which it is expected to raise interest rates for the first
time since 2006.
* The U.S. Commerce Department is expected to revise third-quarter
GDP growth to an annual rate of 2.1 percent, from 1.5 percent
previously. The data is due at 8.30 a.m. (1330 GMT).
* U.S. consumer confidence data, due at 10.00 a.m., is also expected
to have improved slightly in November. The Conference Board will
release the data at 10.00 a.m.
* Xerox was up 6.8 percent at $11.48 after Carl Icahn
disclosed a 7.13 percent stake.
* Tiffany was down 1.9 percent at $75.11 after it said it expected
net earnings for the year to be 5 to 10 percent lower than last
year.
[to top of second column] |
* Campbell Soup and Dollar Tree were also due to report before the
bell. Hewlett-Packard will post its last quarterly results as a
single company after the close.
Futures snapshot at 6:38 a.m. ET:
* Dow e-minis were down 57 points, or 0.32 percent, with 22,173
contracts changing hands.
* S&P 500 e-minis were down 7.5 points, or 0.36 percent, with
160,546 contracts traded.
* Nasdaq 100 e-minis were down 18.5 points, or 0.4 percent, on
volume of 22,954 contracts.
(Reporting by Abhiram Nandakumar in Bengaluru; Editing by Ted Kerr)
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