Market Hustle: Stock Futures Fall Amid Ukraine Tensions, Soft China Data
Written by: Andrea Tse
Tickers in this article: PFE ^DJI ^GSPC ^IXIC
NEW YORK (TheStreet) -- U.S. stocks futures were edging lower Monday as tensions in Ukraine continued to heat up and manufacturing in China shrank for a fourth straight month.
- Dow Jones Industrial Average futures were down 67 points, or 63.89 points below fair value, to 16,380. S&P 500 futures were down 7.5 points, or 8.24 points below fair value, to 1,867. Nasdaq futures were off 15.5 points, or 15.09 points below fair value, to 3,563.8.
- The ISM Non-Manufacturing Index for April is expected for release at 10 a.m. EDT. An increase to 54.1 from 53.1 is expected. The Markit PMI services index for April is scheduled for 9:45 a.m.
is expected to report on Monday first-quarter earnings of 55 cents a share on revenue of $12.08 billion. The earnings announcement arrives as the company attempted to buy AstraZeneca . The latter on Friday rejected Pfizer's sweetened bid that values AstraZeneca $106 billion.
- Tensions in Ukraine continued to heighten over the weekend as pro-Russian militants burst into a Ukrainian police station in Odessa on Sunday, freeing about 70 activists.
- The DAX in Germany was down 1.43% and the Hong Kong Hang Seng was down 1.28%. Markets in London on Tokyo were closed for public holidays.
- Manufacturing in China contracted in April for the fourth straight month, according to the HSBC's purchasing managers' index released on Monday.
- U.S. stocks closed lower Friday, erasing early gains after April's jobs report showed a falling work force participation rate. The United Nations held an emergency meeting over Ukraine as tensions rose in the region.
-- By Andrea Tse in New York