Modupe Gbadeyanka
By Investors Hub
The major US index futures are pointing to a modestly lower opening on Tuesday following the lackluster performance seen in the previous session.
Stocks showed a lack of direction over the course of the trading session on Monday before ending the day nearly flat. The major averages spent the day bouncing back and forth across the unchanged line.
The Nasdaq inched up 1.97 points or less than a tenth of a percent to 6,314.43, while the Dow dipped 8.02 points or less than a tenth of a percent to 21,629.72 and the S&P 500 edged down 0.13 points or less than a tenth of a percent to 2,459.14.
The choppy trading on Wall Street came as traders seemed reluctant to make significant moves ahead of the release of earnings news from a number of big-name companies.
Bank of America (BAC), Goldman Sachs (GS), UnitedHealth (UNH), IBM (IBM), American Express (AXP), Microsoft (MSFT), Visa (V), and General Electric (GE) are among the companies due to report their quarterly results this week.
Most of the major sectors showed only modest moves on the day, contributing to the lackluster performance by the broader markets.
