US market futures were mixed to start the short trading week as disappointing manufacturing data pulled markets down in Europe halfway through the trading day.
- Nasdaq futures are down 68 points and S&P futures are down 11 points early Tuesday morning while Dow futures were actually positive with a 129-point gain to 33,826.
- The 10-year U.S. Treasury yield rose to 3.877%, up from 3.827% Friday.
- European markets were down across the board with the STOXX 600 down 0.27% midway through the trading day.
First Look
CNBC: Home Depot reported earnings before the bell. The home improvement company missed on revenue and issued a muted outlook…(CNBC)
WSJ: Bad news for commercial real estate. The number of big office landlords defaulting on their loans is on the rise, fresh evidence that more developers believe that remote and hybrid work habits have permanently impaired the office market…(WSJ)
Later Today
Only one big report today at 10:00 AM with the National Association of Realtors existing-home sales reported expected to show sales rising 2% to 4.2M in January.