U.S. Stocks Set For Flat Open, German Factory Data Weighs

Category: Global Markets / Jul 24, 2012 9:55AM EDT

Wall Street is set to open lower on Tuesday as traders remained focused on high bond yields in Spain and as cautious outlooks from Texas Instruments and UPS weighed on sentiment.

European shares reversed course and fell after weak German factory data overshadowed signs of an improvement in China and sent the euro sliding towards two-year lows.

Manufacturing this month expanded at its slowest pace since late 2010, hurt by weak overseas demand for American goods. S&P 500 futures fell 3.5 points, Dow Jones industrial average futures lost 6 points and Nasdaq 100 futures rose 0.25 point.