Stocks set for cautious opening ahead of Fed minutes

|By:, SA News Editor

Stock futures point to modest losses at the open ahead of the release of minutes from the latest Fed meeting and in the wake of disappointing housing data; S&P -0.3%, Dow -0.2%, Nasdaq -0.1%.

European markets are broadly lower following a surprise increase in U.K. unemployment and a flare-up in violence in Ukraine; Asian markets ended mostly higher.

The day's highlight will be the 2 p.m. release of the minutes to the FOMC policy meeting that ended Jan. 29, when the Fed announced a second reduction to its bond purchase program.

Zale +41% premarket after Signet Jewelers said it would buy its rival for $21/share.

Treasurys are near their best levels of the session, with the 10-year benchmark note down nearly 3 bps at 2.684%.