US stock futures little changed

By Steve Rothwell
Published April 8, 2014 1:30PM (EDT)

NEW YORK (AP) — Stock futures were little changed on Tuesday, suggesting that a three-day slump in the market may abate. Investors will also start to focus on company earnings this week.

KEEPING SCORE: In pre-market trading, the Dow Jones industrial average futures slipped five points, which meant they were little changed at 16,173 as of 9:15 a.m. Eastern time. Standard & Poor's 500 index futures were unchanged at 1,838. Nasdaq futures rose seven points, or 0.2 percent, to 3,506.

THE SLUMP: The market logged its longest losing streak in two months Monday, extending a sell-off that began last week. A slump that started in technology and biotechnology stocks spread to companies that sell non-essential goods and services.

DRUG TROUBLE: Eli Lilly fell 63 cents, or 1.1 percent, to $57.99 before the market opened. The stock declined after a U.S. jury ordered Japanese drugmaker Takeda Pharmaceutical Co. and its U.S. counterpart, Eli Lilly, to pay $9 billion in punitive damages over a diabetes medicine linked to cancer.

BONDS AND COMMODITIES: In government bond trading, the yield on the 10-year Treasury note edged up to 2.71 percent from 2.70 percent late Monday. The price of crude oil rose 78 cents to $101.22 a barrel. Gold rose $13.20, or 1 percent, to $1,311.70 an ounce

Steve Rothwell

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