Market Watch: Earnings, Oil Prices In Focus

U.S. stock futures fell lower Tuesday, one day after the Dow and S&P 500 set new all-time highs and the NASDAQ reached 5,000 for the first time in almost 15 years.

But this morning, the outlook was pessimistic following disappointing earnings figures from major retailers like Dick’s Sporting Goods and Best Buy.

Later in the day, disappointing auto sales figures added to the pile of data released this week. Yesterday’s personal spending results showed an increase of 0.3 percent, and were a big part of the reason for the record close.

Investors also eyed oil prices on Tuesday, after a sharp drop on Monday. Brent crude posted its biggest drop in a month on Monday, but recovered on Tuesday to trade around $60.76. U.S. crude traded at roughly $50.31.

As of 3:45 p.m., these are the Tuesday numbers on Wall Street:

Dow Jones Industrial Average: 18,203.37 (-85.26) 

NASDAQ: 4,979.90 (-28.19)

S&P 500: 2,107.78  (-9.61)

Phil Cannella
Partnered with CBS Radio Network, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella
- 9 hours ago
Phil Cannella

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