Stocks – U.S. Futures Point to Little Change at Open on Wall Street


© Reuters.  U.S. Futures point to little change at open on Wall Street© Reuters. U.S. Futures point to little change at open on Wall Street – U.S. stock index futures pointed to little change at the open on Wall Street on Tuesday as investors eyed the latest batch of corporate earnings reports and a speech by outgoing Federal Reserve Chair Janet Yellen.

The S&P 500 futures were almost flat as of 6:39 AM ET (11:39 AM GMT) while Dow futures rose 20.5 points or 0.09%. Meanwhile, tech heavy Nasdaq 100 futures were little changed.

Valeant Pharmaceuticals (NYSE:VRX), Dean Foods Company (NYSE:DF) and SeaWorld Entertainment Inc (NYSE:SEAS) were expected to post earnings ahead of the open on Tuesday, while Snap Inc (NYSE:SNAP) and Marriott International Inc (NASDAQ:MAR) were among some of the names set to report after the bell.

On the Fed front, Yellen was due to deliver acceptance remarks at the presentation of an award for ethics in government at 03:00 PM ET.

Shares in TripAdvisor Inc (NASDAQ:TRIP) fell around 8% in premarket trade after the online travel company posted revenue that came in below analysts’ expectations late Monday and sounded downbeat about the outlook for fourth quarter revenue.

Other premarket movers included craft-oriented e-commerce company Etsy Inc (NASDAQ:ETSY), which was up 0.58% after it reported Monday that it swung into a quarterly profit.

On Monday, U.S. stocks climbed to record highs, boosted by optimism about merger activity and as investors bet that a Republican plan to cut corporate taxes would increase earnings.

Shares in Twenty-First Century Fox Inc (NASDAQ:FOX) jumped 9.93% after reports that the film and television conglomerate has held talks to sell most of the company to media giant Walt Disney . Walt Disney shares (NYSE:DIS) rose 2.02%.

Bullish sentiment was also fueled by a Republican proposal last week to slash the corporate tax rate to 20% from 35% and end some tax breaks for companies and individuals.

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