Stock futures were pointing down early Tuesday as many investors returned from the Columbus Day holiday. Investors may have simply been giving back some of the gains from Monday, when the Dow closed up 330 points.
Or it could be Slovakia’s fault. That country was expected to vote on whether to expand the European Financial Stability Facility, but that is now expected to fail. Investors are also looking forward to the release of minutes from the Fed’s most recent meeting.
Dow futures fell 54 points to 11,314. S&P 500 futures fell 7.2 points to 1,183.7.
Private Equity firm Ares Management and the Canada Pension Plan Investment Board will buy 99 Cents Only Stores (NDN) for $22 a share, or $1.6 billion. The dollar store’s shares rose 4.6% to $21.43.
Financial stocks were lower, with JPMorgan Chase (JPM) falling 1.1% in pre-market trading and Bank of America (BAC) off 1.9%.
Alcoa (AA), due to kick off earnings season today after the close was down 1.1%.
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