Stock Futures Fall Amid Eurozone Uncertainties
The benchmark 10-year Treasury was rising 4/32, lowering the yield to 2.004%. The dollar was rising 0.46%, according to the U.S. dollar index.
In corporate news, Yum! Brands (YUM) , the owner of the KFC, Pizza Hut, and Taco Bell brands, is expected by analysts Monday to post fourth-quarter earnings of 82 cents a share on revenue of $4.12 billion. Shares were down slightly in premarket trading.
Humana(HUM) posted fourth-quarter earnings of $1.19 a share, beating the average Wall Street forecast of $1.07 a share as the health insurer's operating cost ratio declined. Revenue came in at $9.56 billion, versus the average expectation of $9.73 billion.
Consumer products company Clorox(CLX) is forecast to report quarterly profiit of 81 cents a share, down from 82 cents a year earlier.
Revenue is seen at $1.27 billion, up 4% from a year earlier.
Biopharmaceutical company Gilead Sciences (GILD) is expected by Wall Street analysts Monday to post fourth-quarter profit of 48 cents a share on revenue of $2.4 billion. Ahead of the announcement, the company said that two phase three studies of a hepatitis C treatment both met key targets and will support the regulatory filing for the drug. Shares were rising nearly 1%.
Chinese search giant Baidu(BIDU) is forecast to report quarterly earnings of $1.29 a share after the stocks markets close on Monday. Shares were down incrementally.
Chevron (CVX) was downgraded to neutral from buy at UBS on a valuation basis. Shares were down more than 1%.
Negotiations on buying out Dell (DELL) continued on the weekend, with reports saying that a deal could be achieved in a matter of days. CEO Michael Dell, private-equity firm Silver Lake Partners, and Microsoft (MSFT) are reportedly the buyers.
-- Written by Andrea Tse in New York.
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