Stock Futures Slip After Two-Day Climb

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U.S. stock-index futures pointed lower after two-straight days of gains for the Street as traders awaited data on the American services sector. 

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As of 8:00 a.m. ET, Dow Jones Industrial Average futures fell 47 points, or 0.3%, to 15528, S&P 500 futures dipped 4.8 points, or 0.27%, to 1759 and Nasdaq 100 futures slumped 10.2 points, or 0.3%, to 3367.

In contrast to the deluge of news Monday, Tuesday morning was off to a  quieter start. 

AOL (AOL) shares rallied after the media company's third-quarter revenues topped expectations. 

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On the economic front, the European Commission revised its 2014 growth outlook for the eurozone down by 0.1 percentage point to 1.2%, as the 17-member currency bloc continues to rebound from the debt crisis. 

A reading on the U.S. services sector is due out at 10:00 a.m. ET. Economists expect the Institute for Supply Management's non-manufacturing PMI gauge to have edged down to 54 in October from 54.4 the month prior. 

Elsewhere, in commodities, U.S. crude oil prices fell 19 cents, or 0.18%, to $94.45 a barrel. Wholesale New York Harbor gasoline rose 0.11% to $2.531 a gallon. Gold edged up by 80 cents, or 0.05%, to $1,315 a troy ounce. 

 

 

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