Seeking Alpha

Stock futures slip ahead of factory orders, auto sales data

  • Stocks look to edge lower at the open, as investors may take a breather after the Dow and S&P 500 again hit all-time highs; S&P, Dow and Nasdaq all -0.2%.
  • "The market seems to be a little complacent, as we're making new highs on a daily basis," Peter Cardillo says, adding that the market "needs to take a rest."
  • European bourses are lower across the board, as traders remain cautious ahead of Thursday's ECB governing council meeting; Asian markets ended mostly higher.
  • Treasurys hover in the red but are off earlier lows; the benchmark 10-year yield is nearly 3 bps higher at ~2.55%.
  • Still ahead: factory orders, auto sales.
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