Investing.com - U.S. stock futures pointed to a lower open on Tuesday, amid growing uncertainty over a deal to restructure Greece’s sovereign debt while markets awaited a flurry of earnings releases from the U.S.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a fall of 0.43%, S&P 500 futures signaled a 0.58% decline, while the Nasdaq 100 futures indicated a 0.44% loss.
Following a meeting in Brussels on Monday, euro zone ministers called on private bond holders to drop demands that new bonds to be issued in exchange for their existing Greek bonds will carry an interest rate of 4%.
Greece stated that it was not willing to pay a rate of more than 3.5%, a position which the European Union and the International Monetary Fund supports.
Texas Instruments was expected to be in focus after the company reported better-than-expected fourth-quarter chip sales, as customers in a broad range of industries replenished depleted inventories. Shares in Texas Instruments surged 3.56% in after hour trading.
Also in semiconductors, Semtech said on Monday that it planned to buy Canada's Gennum Corp for about CAD500 million.
Meanwhile, software maker VMware reported profit ahead of expectations, sending shares up 4.70% in after hour trade and raising hopes that technology spending will grow this year.
Hard drive maker Western Digital also posted better-than-expected quarterly results and forecast a strong current quarter, signaling a faster-than-anticipated return to production capacity at key facilities damaged by the floods in Thailand last year.
Elsewhere, aircraft companies were expected to be active after the Pentagon said that Boeing won a USD693 million contract modification to build five more C-17 transport planes for the U.S. Air Force.
Starbucks, the world's biggest coffee chain, was also slated to be in focus as it plans to sell beer and wine in as many as 12 cafes in Atlanta and Southern California by the end of the year. Shares rose 0.23% in after hour trading.
Other stocks in focus included Apple, Johnson & Johnson, McDonald's and Yahoo, all due to release earnings reports later in the day.
Across the Atlantic, European stock markets were sharply lower. The EURO STOXX 50 plunged 1.30%, France’s CAC 40 tumbled 1.29%, Germany's DAX plummeted 1.29%, while Britain's FTSE 100 declined 1.01%.
During the Asian trading session, Hong Kong's Hang Seng Index was closed due to the Chinese Lunar New Year holiday, while Japan’s Nikkei 225 Index edged 0.02% higher.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a fall of 0.43%, S&P 500 futures signaled a 0.58% decline, while the Nasdaq 100 futures indicated a 0.44% loss.
Following a meeting in Brussels on Monday, euro zone ministers called on private bond holders to drop demands that new bonds to be issued in exchange for their existing Greek bonds will carry an interest rate of 4%.
Greece stated that it was not willing to pay a rate of more than 3.5%, a position which the European Union and the International Monetary Fund supports.
Texas Instruments was expected to be in focus after the company reported better-than-expected fourth-quarter chip sales, as customers in a broad range of industries replenished depleted inventories. Shares in Texas Instruments surged 3.56% in after hour trading.
Also in semiconductors, Semtech said on Monday that it planned to buy Canada's Gennum Corp for about CAD500 million.
Meanwhile, software maker VMware reported profit ahead of expectations, sending shares up 4.70% in after hour trade and raising hopes that technology spending will grow this year.
Hard drive maker Western Digital also posted better-than-expected quarterly results and forecast a strong current quarter, signaling a faster-than-anticipated return to production capacity at key facilities damaged by the floods in Thailand last year.
Elsewhere, aircraft companies were expected to be active after the Pentagon said that Boeing won a USD693 million contract modification to build five more C-17 transport planes for the U.S. Air Force.
Starbucks, the world's biggest coffee chain, was also slated to be in focus as it plans to sell beer and wine in as many as 12 cafes in Atlanta and Southern California by the end of the year. Shares rose 0.23% in after hour trading.
Other stocks in focus included Apple, Johnson & Johnson, McDonald's and Yahoo, all due to release earnings reports later in the day.
Across the Atlantic, European stock markets were sharply lower. The EURO STOXX 50 plunged 1.30%, France’s CAC 40 tumbled 1.29%, Germany's DAX plummeted 1.29%, while Britain's FTSE 100 declined 1.01%.
During the Asian trading session, Hong Kong's Hang Seng Index was closed due to the Chinese Lunar New Year holiday, while Japan’s Nikkei 225 Index edged 0.02% higher.