LONDON (Reuters) - Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 0.2 to 0.7 percent, pointing to a weaker start on Wall Street on Tuesday.
President Barack Obama, scrambling to spur job creation, proposed a six-year plan on Monday to rebuild U.S. infrastructure with an initial $50 billion investment and prepared new business tax cuts.
Silicon Valley technology giant Oracle Corp
The U.S. Justice department is looking into Google Inc's
China wants to reduce tensions with the United States through quiet talk, not shouting matches, a top diplomat told White House advisers on Tuesday, aiming to pave the way for a visit by President Hu Jintao early next year.
American International Group Inc
Resource-related stocks will be in focus, with crude oil extending losses as the dollar strengthened and Tropical Storm Hermine made landfall near the Mexico-Texas border with no signs of disruption to crude or refining output.
The U.S. market was closed on Monday for a holiday. On Friday, the Dow Jones industrial average <.DJI> shot up 127.83 points, or 1.24 percent, to 10,447.93, marking a move back into the black for the year. The Standard & Poor's 500 Index <.SPX> gained 14.41 points, or 1.32 percent, to 1,104.51. The Nasdaq Composite Index <.IXIC> rose 33.74 points, or 1.53 percent, to 2,233.75.
The S&P 500 closed above 1,100 for the first time since August 10. Momentum measures, including the moving average convergence-divergence, indicated the benchmark was poised for more gains.
Japan's Nikkei average <.N225> fell 0.8 percent on Tuesday, dented by profit-taking after four days of hefty gains and as the yen's strength showed little sign of abating.
European shares fell 0.5 percent on Tuesday, with banks down after a news report renewed jitters about the health of the sector, though the market got some support from drugmakers as investors bought defensive stocks.
(Reporting by Atul Prakash; Editing by Erica Billingham)
