Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.21 percent, Dow Jones futures down 0.07 percent and Nasdaq 100 futures down 0.13 percent at 0933 GMT (4:33 a.m. EST).
Research in Motion
General Motors Co
November sales at Taiwan's UMC <2303.TW>, the world's No. 2 contract chip maker, showed slower chip sales after tech demand peaked in the third quarter, a trend that could continue into the first quarter next year.
China's passenger cars sales in November jumped 98.23 percent from a year earlier, official data showed, paving the way for roughly 50 percent growth in 2009 thanks to the government's stimulus measures to aid consumption.
James Gorman, who takes over as Morgan Stanley's
Oil rose back above $74 on Tuesday after a 2 percent fall a day ago, supported by a softer dollar, but forecasts for a build in U.S. crude stocks and slow economic recovery limited gains.
Japan's Nikkei average slipped 0.3 percent on Tuesday to snap a six-day winning streak, with profit-taking and an increase in the yen against the dollar eating away at recent gains made by exporters. In Europe, stocks edged higher in morning trade, with defensive pharmas and utilities offsetting losses in banking shares, hurt by renewed worries over Dubai debt woes.
A Dubai newspaper, citing British bankers, reported that state-controlled Dubai World
The S&P 500 and Nasdaq ended slightly lower on Monday and the Dow was flat, reversing earlier gains, after comments by Federal Reserve Chairman Ben Bernanke sparked jitters about the economic recovery.
The Dow Jones industrial average <.DJI> ended up 1.21 points, or 0.01 percent, at 10,390.11. The Standard & Poor's 500 Index <.SPX> lost 2.73 points, or 0.25 percent, at 1,103.25. The Nasdaq Composite Index <.IXIC> fell 4.74 points, or 0.22 percent, at 2,189.61.
(Reporting by Blaise Robinson; Editing by Rupert Winchester)