Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are down 0.1-0.2 percent, pointing to a lower start on Wall Street on Tuesday.
At 7.45 a.m. ET, ICSC/Goldman Sachs release chain store sales for the week ended July 18 versus the prior week. In the previous week, sales fell 0.9 percent.
The U.S. Federal Reserve has plenty of tools to push borrowing costs up when the economy recovers, Chairman Ben Bernanke said, as his counterparts in Australia turned more upbeat on the outlook for global growth.
Bernanke gives semi-annual testimony on the economic outlook and monetary policy before the House Financial Services Committee at 10 a.m.
Federal Reserve Bank of Chicago releases Chicago Fed National Activity Index for June at 8.30 a.m. The index read -2.30 in May.
Redbook releases, at 8.55 a.m., its Retail Sales Index of department and chain store sales for July versus June. In the prior period, sales fell 1.7 percent.
Tuesday is one of the busiest days for earnings. BlackRock
Trust bank State Street is expected to report a substantial quarterly loss on a previously announced $3.7 charge to move some assets onto is balance sheet at a loss, but operating results could see a boost from strong asset management and asset servicing results on stronger markets in the quarter.
Expectations are high for the quarterly earnings of Advanced Micro Devices, after larger rival Intel
Other companies announcing results include Caterpillar, United Technologies, Coca-Cola, Starbucks
The Boston Globe's largest union voted by a nearly 2-to-1 margin on Monday to approve pay cuts and other concessions that would save the 137-year-old paper $10 million and allow The New York Times Co
Shares of Boston Scientific Corp
Shares of Monsanto Co
U.S. stocks jumped on Monday, driving the Standard & Poor's 500 Index <.SPX> to an eight-month closing high. The Dow Jones industrial average <.DJI> shot up 104.21 points, or 1.2 percent, the S&P gained 10.75 points, or 1.1 percent and the Nasdaq Composite Index <.IXIC> rose 22.68 points, or 1.2 percent.
European shares advanced for a seventh straight day on Tuesday, with the FTSEurofirst 300 <.FTEU3> index of top European shares rising 0.4 percent on stronger financials and retail stocks.
(Reporting by Atul Prakash; Editing by Dan Lalor)