Futures up but trim gains after durable goods data

|By:, SA News Editor

Stock futures indicate a slightly higher open but are off earlier highs prior to this morning's mixed report on durable goods orders; S&P and Dow +0.1%, Nasdaq +0.2%.

Orders for U.S. durable goods skyrocketed a record 22.6% in July because of a surge in contracts for Boeing aircraft, but bookings actually fell for most other industries.

Markets finished lower across most of Asia, while major European bourses trade higher with investors on the lookout for headlines from today's meeting between Russia's Putin and Ukraine's Poroshenko.

Burger King and Tim Hortons confirmed their merger; Best Buy -4.6% premarket after cautious guidance overshadowed better than expected Q2 results.

Treasurys hold modest gains, with the 10-year yield down one basis point at 2.37%.

Still ahead: consumer confidence, Richmond Fed.