U.S. stock index futures pointed to a slightly higher open on Tuesday as many investors, cautious about global crises, bided their time before the quarter's end.
The S&P 500 index has risen 4.2 percent in the first quarter. While Japan's nuclear power problems and the civil unrest in the Middle East and North Africa continued, many investors chose not to risk their gains. The trading volume in Monday's session was the lowest of the year.
We're in a wait-and-see game as we finish up the quarter, which has been fairly strong, said Jeffrey Friedman, senior market strategist at Lind-Waldock in Chicago. Some people are taking their cues from the volume, which shows that a lot of people prefer to stay on the sidelines.
In one sign of the spillover from overseas events, oilfield-services company Halliburton Co
Dow component Home Depot Inc
U.S. single-family home prices fell for the seventh straight month in January, according to the S&P/Case-Shiller composite index of 20 metropolitan areas. However, the drop was not as much as expected, and stock futures showed little impact.
S&P 500 futures rose 3.2 points but were even with fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 31 points and Nasdaq 100 futures rose 1.75 points.
On the downside, Apollo Group
On Monday, U.S. stocks fell, with consumer shares hurt after hotel operator Marriott International
(Editing by Kenneth Barry)