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U.S. stock-index futures drifted lower on Monday as traders parsed through a steady stream of earnings reports and awaited data on the housing market.
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As of 8:13 a.m. ET, Dow Jones Industrial Average futures fell 18 points to 15488, S&P 500 futures dipped 0.5 point to 1689 and Nasdaq 100 futures rose 2 points to 3043.
The broad S&P 500 closed out last week at a record high as traders responded to upbeat earnings, encouraging data and dovish Federal Reserve commentary. Earnings season revs up into high gear this week, with two-thirds of S&P components due to report.
McDonald's (NYSE:MCD) revealed second-quarter profits and revenues that missed analysts expectations, sending shares of the world's biggest burger chain sliding. UBS (NYSE:UBS) surprised analysts with stronger-than-expected profits, even as the Swiss bank was hit with a big charge for legal settlements. Halliburton (NYSE:HAL), the oilfield-servicing giant, also revealed better-than-expected quarterly results.
Texas Instruments (NYSE:TXN) and Netflix (NASDAQ:NFLX) post after the closing bell in New York.
On the economic front, the National Association of Realtors is set to release its reading on existing home sales at 10:00 a.m. ET. Sales of existing, single-family homes are forecast to have climbed in June to an annual rate of 5.25 million units from 5.18 million in May.
Elsewhere, gold prices rallied. The benchmark contract jumped $24.10, or 1.9%, to $1,318 a troy ounce. U.S. oil gained 42 cents, or 0.39%, to $108.45 a barrel. Wholesale New York Harbor gasoline dipped 0.42% to $3.11 a gallon.
The Euro Stoxx 50 rose 0.29% to 2724, the English FTSE 100 dipped 0.06% to 6631 and the German DAX climbed 0.05% to 8336.
In Asia, the Japanese Nikkei 225 gained 0.47% to 14658 and the Chinese Hang Seng edged up by 0.08% to 21362.