US Stock Futures Face A Gloomy Day, Again!

US Stock Futures dipped on Monday, in response to disappointing Q2 growth data from Japan and speculations of lower-than-expected New York manufacturing data. Futures on the S&P 500 fell 2.9 points to 1,073, the DJIA fell 16 points to 10,250, and the NASDAQ fell 1.25 points to 1,814. Lowe’s Companies Inc LOW and Sysco Corporation SYY are set to report their earnings before the markets open today. On the economy front, the NY Fed’s August Empire State Index will be released later today. According to Deutsche Bank’s analysts, this is a “key report.” Meanwhile, stocks in Tokyo posted a loss following the release of Japan’s GDP report which showed growth of 0.4% in real terms during Q2, against the 2.3% estimate according to an economists’ poll conducted by Dow Jones Newswires. European shares also traded on the lower side, with the Stoxx Europe 600 index SXXP down 0.3% in intraday trade. The US Dollar fell against most rivals, with the EUR/USD pair hovering around 1.2800. The Dollar Index IND is down 0.391% to $82.596. Elsewhere, German bund futures rose significantly, buoyed by demands of safe haven sovereign debt in the Eurozone. In pre-market trading today, LOW is up 0.05% to $19.59 and SYY has risen 0.10% to $29.98. Read more from Benzinga's Markets.