Futures Edge Lower in Very Light Trading
Stock futures are slightly lower in very light trading as markets await a slew of economic indicators this week and the latest round of financial reports from U.S. corporations.
Dow Jones industrial futures are down 31 points to 15,523. S&P futures have given up 3 points to 1,699.50. Nasdaq futures are down 2 points to 3,134.
Economists expect that the U.S. trade deficit narrowed in June as exports rebounded. The trade gap trimmed nearly 1 percentage point from economic growth in the second quarter due to economic strains overseas.
The Commerce Department posts trade data at 8:30 a.m. Eastern.
Consumer credit and unemployment claims numbers are due later this week.
Companies putting out earnings on Tuesday include Walt Disney, Molson Coors, Archer Daniels Midland, First Solar and Marathon Oil.