Tuesday, November 15, 2011

Stock futures signal weaker Wall St open

(Reuters) - Stock index futures pointed to a weaker open for equities on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.3 to 0.7 percent.

ICSC/Goldman Sachs release at 1245 GMT chain store sales for the week ended November 12. In the previous week, sales rose 1.0 percent.

The Labor Department releases at 1330 GMT the October Producer Price Index. Economists forecast a fall of 0.1 percent versus a 0.8 percent rise in September. Excluding volatile food and energy items, PPI is expected to rise 0.1 percent versus a 0.2 percent increase in the prior month.

Wall Street expects Wal-Mart's
(WMT.N) quarterly profit to climb to 98 cents per share from 90 cents and is looking for the leading retailer to shed light on consumer spending habits. Other companies announcing results include Dell (DELL.O) and Home Depot (HD.N).

The Commerce Department releases at 1330 GMT October retail sales. Economists expect an increase of 0.3 percent in October versus a 1.1 percent rise in September. Excluding automobiles, sales are expected to increase 0.1 percent versus a 0.6 percent rise in September.

The U.S. Federal Housing Administration's cash reserves have dropped so low that there is a close to a 50 percent chance it could run out of funds and may require a taxpayer bailout next year, the Wall Street Journal said, citing an annual independent audit of the agency's finances.

New York Federal Reserve releases at 1330 GMT its Empire State Manufacturing Survey for November. Economists expect a reading of minus 2.10 compared with minus 8.48 in October.

At 1355 GMT, Redbook releases its Retail Sales Index of department and chain store sales for November versus October. In the prior period, sales rose 1.4 percent. Learn More...

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