Futures indicated a slightly negative open for Wall Street on Tuesday as trade remained subdued after Monday's M&A-inspired rally.
Wall Street is coming off its best gains in weeks, but there's plenty of numerical traffic dead ahead in the form of earnings and economic stats.
Nonetheless, the gains for the Dow and the S&P 500 on Monday were the best one-day advances since August 21, and the Nasdaq had its best one-session gain since July 23.
In company news, genetic analysis test maker Sequenom was reeling after saying it fired its CEO and a swath of its top management team following a scandal over mishandling of research data.
The board fired president and CEO Harry Stylli and others over the affair, which centered on the company's prenatal Down symdrome test. Shares tumbled 44 percent in premarket trading.
CIT Group shares also will be in focus following a report that hedge fund manager John Paulson is considering merging the troubled finance company with failed mortgage lender IndyMac Federal Bank.
The New York Post said the merger is among plans being considered by Paulson and other CIT creditors. CIT shares jumped 26 percent premarket on the news.Page 1 of 3 | Next Page