Stock index futures pointed to a mixed open on Wall Street on Tuesday, following a selloff in the previous session, as investors braced for more corporate results and key data on consumer sentiment.
At 6:00 a.m. EDT, futures for the S&P 500 were up 0.06 percent, Dow Jones futures were down 0.01 percent and Nasdaq 100 futures were down 0.1 percent.
Energy shares will be in the spotlight after oil major BP Plc beat third-quarter earnings forecasts by a big margin as its cost-cutting program proved more successful than expected, prompting the company to increase its target for savings for the year, and sending its shares up 4.7 percent.
Pharmaceutical and chemical stocks will also be in focus after Germany's Bayer reaffirmed its full-year outlook and posted forecast-beating operating earnings, helped by a continued recovery at its plastics division.
The dollar slipped against the euro on Tuesday, pausing from the previous day's broad gains as the yield on 10-year U.S. government bonds retreated from a two-month high, removing some support for the U.S. currency.
Oil paused below $79 a barrel on Tuesday, steady after three straight days of decline as investors awaited new leads from equities markets and U.S. weekly crude inventory data.
Japan's Nikkei average lost 1.5 percent on Tuesday, its biggest one-day percentage fall in three weeks, following big losses on Wall Street. European shares were up 0.4 percent in morning trade, snapping a sharp three-day drop with energy shares lifted by BP's forecast-beating results. However, the gains were limited by losses in banking stocks.
On the earnings front, a flurry of companies are due to report results on Tuesday, including Johnson Controls , Valero Energy Corp. , United States Steel Corp. , Textron , Paccar , L-3 Comm , FirstEnergy and AK Steel .
On the macroeconomic side, investors awaited monthly U.S. consumer confidence data, due at 1400 GMT.
In corporate news, The Wall Street Journal reported that Chrysler is about to unveil a product roadmap that relies heavily on vehicles from Italian partner Fiat SpA and abandons many of the U.S. car maker's own models.
After the close on Monday, shares of Flextronics International Ltd slipped 1.5 percent after it reported results, Chinese Internet search leader Baidu Inc slid 10 percent after the company posted its third-quarter results, drybulk shipping and contract drilling company DryShips rose 2.9 percent and Lululemon Athletica gained 8.4 percent after the companies reported results.
Shares of Winn-Dixie Stores fell 19 percent after the close on Monday after it reported results, while VF Corp fell 7 percent as it posted results.
U.S. stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears lawmakers may let a federal home buyer tax credit expire, while commodity shares succumbed to pressure from the higher U.S. dollar.
The Dow Jones industrial average <.DJI> dropped 104.22 points, or 1.05 percent, to 9,867.96. The Standard & Poor's 500 Index <.SPX> shed 12.65 points, or 1.17 percent, to 1,066.95. The Nasdaq Composite Index <.IXIC> fell 12.62 points, or 0.59 percent, to 2,141.85.
(Reporting by Blaise Robinson; editing by Karen Foster)