Stock futures pointed to a lower opening for equity markets in Canada on Tuesday, as oil prices fell further on fears that the problem of oversupply may persist for much longer than anticipated.
The S&P/TSX Composite surged 57.06 points Monday to 14,597.06. Futures docked 0.4% Tuesday morning.
The Canadian dollar dropped 0.45 cents at 76.24 cents U.S. early Tuesday.
National Bank Financial raised the rating on 5N Plus to outperform from sector perform
Canaccord Genuity cuts target price on Sandvine to $3.75 from $4.25 with buy rating
National Bank Financial resumes coverage on Luna Gold with sector perform rating and $0.35 target price.
ON BAYSTREET
The TSX Venture Exchange recovered 1.78 points Monday to 813.94
ON WALLSTREET
U.S. stock futures are looking weak again, indicating the key indexes will open in the red.
Ahead of the opening bell, futures for the Dow Jones Industrials collapsed 106 points, or 0.6%, to 18,140, while futures for the S&P 500 docked 13.25 points, or 0.6%, at 2,138.75. NASDAQ futures fell 23 points, or 0.5%, at 4,740.45.
Shares in Weight Watchers are under pressure in pre-market trading after the company announced CEO James Chambers had decided to step down after three years in the position.
Weight Watchers has been on a downward spiral this year. Its stock has shed nearly 55% in 2016, and last month the company reported a loss for its last financial quarter.
The U.S. Census Bureau is set to release a report on 2015 median household income at 10 a.m. ET. It's expected to show that Americans received a much-needed raise last year.
In 2014, median household income was $53,657. That's below the peak of $57,843 set in 1999.
Most European market indexes are posting small declines in morning trading after initially popping up at the open.
Asian markets closed out the day with mixed results.
Oil prices slid $1.07 to $45.22 U.S. a barrel
Gold prices moved ahead $3.50 to $1,329.10 U.S. an ounce.
