Stock futures fall; eyes on Alcoa, Chevron
U.S. stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.5 percent and Nasdaq 100 futures down 0.6 percent.
Alcoa Inc
The company blamed higher power bills, a weak dollar and costs of temporarily shutting smelters in Italy, and said while aluminum prices were climbing, demand from some customers, especially planemakers and the commercial construction sector, was not expected to improve soon.
Frankfurt-listed shares in Alcoa
Chevron Corp
Kraft Foods
Also weighing on overall sentiment, China's central bank signaled in its open market operations it was tightening monetary conditions at a faster than expected pace in response to increasing concerns about the economy overheating.
American Airlines
Revenue at Airbus parent EADS
Mattel
Prudential Financial Inc
is set to pick a buyer for its South Korean funds and brokerage units by February, in a deal estimated at up to $900 million that could pressure other struggling foreign financial firms to follow suit.
U.S. industrial shares lifted the Dow and the S&P 500 on Monday to new 15-month highs after China bolstered expectations the world economy would strengthen, but Nasdaq fell on profit-taking in tech stocks.
The Dow Jones industrial average <.DJI> gained 45.80 points, or 0.43 percent, to 10,663.99. The Standard & Poor's 500 Index <.SPX> rose 2.00 points, or 0.17 percent, to 1,146.98. The Nasdaq Composite Index <.IXIC> fell 4.76 points, or 0.21 percent, to 2,312.41.
(Reporting by Blaise Robinson; Editing by Dan Lalor)
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