(RTTNews) - US stocks were looking to get back on track Tuesday morning in New York as Wall Street braced for a slew of data, including reports on manufacturing and home sales.

As of 6:15 am ET, the S&P Futures were up 7 points, the Nasdaq Futures were up 11 points, and the Dow Futures were up 62 points.

After showing some uncertainty throughout the trading day, stocks ended Monday’s session off their intraday lows but considerably below the unchanged line.

The Dow closed down 81.80 points or 0.9 percent at 8,952.89, while the Nasdaq ended the session down 4.18 points or 0.3 percent at 1,628.03 and the S&P 500 finished down 4.35 points or 0.5 percent at 927.45.

Economic data may attract some attention on Tuesday, with investors likely to keep an eye on reports on service sector activity, factory orders, and pending home sales. The reports are all scheduled to be released at 10 am ET.

The Institute for Supply Management is set to release its December report on the services sector at 10 am ET. The index is seen inching lower to 36.8 from 37.3 in November.

At the same time, the government reveals November’s factory orders data. After plunging 5.1 percent in October, factory orders are expected to have dropped 2.6 percent in November.

Neogen (NEOG) is due to release its results before Tuesday’s open.

Monday, phosphate and potash fertilizer manufacturer Mosaic Co. (MOS), reported a steep rise in the second-quarter 2009 net earnings from the year-ago period primarily due to gain on the sale of its interest in Saskferco.

Citing the deepening global recession, computer peripherals maker Logitech International S.A. (LOGI) Monday said it withdrew its fiscal year 2009 sales and operating income growth targets. Additionally, on a cautious note, Logitech said it expects the economic environment to worsen in the coming months and announced a 15% reduction in its salaried global workforce.

Asian stocks were mixed on Tuesday. The Hang Seng of Hong Kong slipped 0.3 percent, while Tokyo’s Nikkei lost 0.4 percent.

In European intraday dealing, the FTSE of the UK was up 0.8 percent, the DAX of Germany was up 1.2 percent, and the CAC of France was higher by 1.1 percent.

The dollar extended its strong gains from the previous session versus the euro and yen Tuesday morning, hitting multi-week highs versus both currencies.

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Posted in Categories: Economy, Eurozone, Japan, Releases, UK, USA.

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