US Stock Futures Signal Lower Start On Wall Street

US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dipped 49 points to 11,991.00 and S&P 500 index futures fell 6.50 points to 1,273.20. Nasdaq 100 futures dropped 10.25 points to 2,335.75. US stocks closed lower on Monday, with the Dow Jones Industrial Average dropping 0.09% to 12,132.49, the S&P 500 index declining 0.41% to 1,286.94 and the Nasdaq 100 index dipping 0.43% to 2,744.61. The US Institute for Supply Management's factory index dropped to 50.9 last month. Data on consumer spending for June will be released at 8:30 a.m. ET. The House of Representatives voted to approve a bill to raise the nation's debt ceiling on Monday. The Senate is scheduled to vote on the bill at 1600 GMT. Hyatt Hotels Corporation

is expected to report its Q2 EPS at $0.15 on revenue of $910.14 million. Archer-Daniels-Midland Company

is projected to report its FQ4 EPS at $0.85 on revenue of $20.43 billion. Coach Inc

is projected to report its Q4 EPS at $0.65 on revenue of $1.01 billion. Duke Energy Corporation

is expected to report its Q2 EPS at $0.31 on revenue of $3.31 billion. CBS Corporation

is estimated to report its Q2 earnings at $0.46 per share on revenue of $3.56 billion. Pfizer Inc

is projected to report its Q2 EPS at $0.59 on revenue of $16.98 billion. Molson Coors Brewing Company

is estimated to report its Q2 EPS at $1.30 on revenue of $953.59 million. Officemax Incorporated

is expected to report its Q2 EPS at $0.00 on revenue of $1.64 billion. FMC Corp

reported its Q2 profit at $107.2 million, or $1.49 per share, up from $65.7 million, or $0.90 per share, in the year-ago period. Its revenue surged to $812.2 million from $776.8 million. However, analysts were expecting earnings of $1.51 per share on revenue of $810.7 million. Texas Roadhouse Inc

reported downbeat second-quarter profit. The company's quarterly earnings rose to $16.1 million, or $0.22 per share, from $15 million, or $0.21 per share, in the year-ago quarter. Its revenue surged 10% to $279.6 million. However, analysts were expecting earnings of $0.23 per share on revenue of $280 million. Shares of Synchronoss Technologies Inc

surged about rose 6.35% in pre-market trading after the company reported upbeat earnings and revenue. European markets were lower today. The STOXX Europe 600 Index declined 1.02%, London's FTSE 100 Index moved down 0.68%, French CAC 40 index fell 0.81% and German DAX 30 index dropped 1.02%. Asian markets ended lower, with Japan's Nikkei Stock Average dropping 1.2035%, Australia's S&P/ASX 200 moving down 1.37% and China's Shanghai Composite declining 0.91%. Hong Kong's Hang Seng Index fell 1.0674% and India's Sensex dipped 1.16%. The dollar index (DXY) gained 0.36% to 74.57. The euro fell 0.5% versus the dollar to trade at $1.4199. The December gold contract climbed $6.90 to $1,628.60 in electronic trading.