Seeking Alpha

Stocks eye flattish open, but retailers down on disappointing Q1 results

Stocks are on track to begin today's session on a quiet note, as index futures trade just below their flat lines; S&P, Dow and Nasdaq all -0.1%.

The retail sector likely will face some selling pressure after Dick's Sporting Goods, Home Depot, TJX, Staples and Urban Outfitters all reported below-consensus quarterly results.

Hard-hit smallcap stocks outperformed the S&P yesterday for the second straight day, and investors will want to see if the rebound means the pullback is over or just pausing.

Treasurys are little changed; the benchmark 10-year yield is steady at ~2.55%.

There are no economic reports scheduled, but the heavy run of appearances this week by Fed officials will continue today, with speeches from Philly Fed's Plosser and NY Fed's Dudley.

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