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 November 14, 2017 - 8:34 AM EST
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Investors Gear up on Earnings, Stocks to Head Lower

Investors Gear up on Earnings, Stocks to Head Lower

U.S. stock index futures pointed to a relatively weak open Tuesday, as investors continued to pore over corporate earnings, while keeping an eye on news surrounding tax in the U.S.

Futures for the Dow Jones Industrials gave back 42 points, or 0.2%, to 23,364

S&P 500 futures doffed six points, or 0.2%, to 2,576, while futures on the NASDAQ Composite index lost nine points, or 0.1%, to 6,303

Home Depot, a Dow component, posted better-than-expected quarterly results across the board. Its stock briefly went up more than 2% before the bell before trading flat.

TJX Companies and Dick's Sporting Goods are also due to report earnings before the bell.

On the data front, the NFIB's small business optimism index rose to 103.8 in October from 103.0 in September. Producer price index (PPI) data is due out this morning.

Overseas, European stocks were were under slight pressure approaching noon on the continent, while Japan's Nikkei 225 was one point lower, and in Hong Kong, the Hang Seng Index shed 0.7%.

Oil prices dropped 30 cents to $56.46 U.S. per barrel.

Gold prices fell $3.30 to $1,275.60 U.S. an ounce.


Source: Livemoney US Market Commentary (November 14, 2017 - 8:34 AM EST)

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