US Stock Futures Indicate Troubled Day For Broader Market

US stock-index futures seesawed between gains and losses today, indicating a troubled day for broader market after a three-day rally. While futures on Dow Jones Industrial Average lost 7 points, those on S&P 500 added a half point to 1,067.50. Meanwhile, Nasdaq 100 futures slipped a quarter point to 1,797.70. Analysts at Charles Gawlak & Associates feel, "Overall, it would probably not be a surprise to see some profit taking on Friday, the question is whether the markets are moving toward a possible reversal already." Investors have nothing more than wholesale inventories figure for the month of May to look forward to. On Monday, Alcoa AA will kick off the earnings season when it reports its results after the market closes. Investors are generally enthusiastic about the earnings period after US bank State Street STT issued a positive outlook. On the corporate front, Google GOOG, Baidu BIDU, GlaxoSmithKline GSK, Madison Square Garden MSG and Airgas ARG are hogging the limelight. While GOOG advanced 3.3% in premarket after it announced that its license has been renewed by the Chinese government, BIDU fell as much as 7.2%. Overseas, while the Asian stocks ended up higher, gains in the European bourses were muted. Read more from Benzinga's Markets.