Wall Street Set To Open In Red Territory As Tech Sector Drags; Data, Fed Speeches Eyed

This is source I found from another site, main source you can find in last paragraph

U.S. stocks were set for a lower open Tuesday as the European Commission slapped Alphabet's (GOOG, GOOGL) Google division with a hefty fine, pressuring the rest of the technology sector, and as traders awaited data on the economy and key speeches from the Federal Reserve.

Oil prices bounced higher with global benchmark Brent crude up 1.46% and U.S. benchmark West Texas Intermediate up 1.24% recently as the commodity looked to a fourth round of gains, but stayed volatile amid indications U.S. shale production will continue to rise.

At 9:00 a.m., data are expected to show the Case-Shiller's 20-city index posting a 0.6% gain for April vs prior gain of 0.9%, according to data compiled by Econoday.

At 10:00 a.m., forecasters see consumer confidence is expected to come in at 116.7 in June. The Richmond Fed Manufacturing Index is expected to bounce higher to 8 in June.

Federal Reserve Presidents John C. Williams, Patrick Harker, and Neel Kashkari and Chairwoman Janet Yellen are all scheduled to give speeches.

In equities, shares of Merck & Company ( MRK ) were 1.9% higher pre-bell after reporting that its Reveal outcomes study of Anacetrapib met its primary endpoint.

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial down 0.06%

-S&P 500 futures down 0.06%

-Nasdaq 100 futures down 0.37%

-Nasdaq 100 pre-market indicator down 0.36%

GLOBAL SENTIMENT

Nikkei up 0.36%

Hang Seng down 0.12%

Shanghai Composite up 0.18%

FTSE-100 down 0.10%

DAX-30 down 0.66%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: mixed

(-) Chip stocks: unchanged to lower

(-) Software stocks: unchanged to lower

(+/-) Hardware stocks: mixed

(+/-) Internet stocks: mixed

(+) Oil stocks: unchanged to higher

(+) Biotech stocks: unchanged

(+/-) Drug stocks: mixed

(+) Financial stocks: unchanged to higher

(-) Retail stocks: unchanged to lower

(+/-) Industrial stocks: mixed

(-) Airlines: unchanged to lower

(-) Autos: unchanged to lower

UPSIDE MOVERS

(+) S (+5.7%) Reportedly in talks with Charter, Comcast on wireless partnership

(+) TOPS (+30.9%) Reports key financial information after reverse stock split

(+) ABIL (+2.1%) Regains Nasdaq compliance

DOWNSIDE MOVERS

(-) ARR (-4.3%) Initiates public offering of 4.5 million shares

(-) GOOGL (-1.3%) Fined EUR2.42 billion in Europe for breaching antitrust rules

(-) WHF (-5%) To offer 2.5 million shares of common stock

This is source I found from another site, main source you can find in last paragraph

Source : http://www.nasdaq.com/article/wall-street-set-to-open-in-red-territory-as-tech-sector-drags-data-fed-speeches-eyed-cm808522

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