On Tuesday, the U.S. stock-market futures weakened for the Wall Street with sentiment dented after the euro-zone leaders failed to deal on the release of the latest round of aid the Greece and the fiscal-cliff jitters remained at the fore for investors. While, on the corporate front, the Home Depot Inc. will announce its results ahead of the bell.
The Dow Jones Industrial Futures Average was down 72 points, or 0.6%, to 12,708, while the Standard & Poor's 500 index give up 9.4 points, or 0.7%, to 1,368.80. And the Nasdaq 100 index dropped 17.75 points, or 0.7%, to 2,563.25.
Over during the Asian trading and an extended into the European trading, a risk aversion grew weighing on commodities and stocks. The euro was down below $1.27 as called the U.S. fiscal-cliff jitters intermingled with the euro-zone-crisis concerns.
Sebastian Werner, Frankfurt-based portfolio manager, the U.S. and the global-growth equities, at DWS Investments, said: "Yesterday’s holiday in the U.S., the volume was not at its highest levels. So I expect as people return to their desks, back to work and we may watch some rationality will come back into the market, though it certainly that it has some risk aversion."
Much of the risk aversion surrounds uncertainty about whether the U.S. politicians can meet deal to keep more than $600 billion in the automatic tax rises and also spending cuts from taking effect in January. The economists had warned of the negative fiscal up to 5% of the gross domestic product. on Monday , the euro-zone finance ministers discussed to give an extra two years for Greece to reform its economy, but decline shortly of a releasing the latest aid tranche for debt-strapped country.