U.S. stock futures indicate a lower opening on Tuesday as investors await the release of new economic data and Target‘s financial results.

At 05:28 AM Brasília time, Dow Jones futures (DOWI:DJI) fell 63 points, or 0.16%. S&P 500 futures declined 0.36%, and Nasdaq-100 futures fell back 0.76%. The yield on 10-year Treasury notes stood at 4.192%.

In the commodities market, West Texas Intermediate crude for April fell 0.09% to $78.67 per barrel. Brent crude for May rose 0.06% to around $82.85 per barrel. Iron ore traded on the Dalian exchange rose 0.69% to $122.16 per metric ton.

Asian markets mostly closed lower despite China’s efforts to stimulate its economy, including a growth target of about 5%. The measures failed to cheer investors, resulting in declines in major indices such as Hong Kong’s Hang Seng (-2.61%) and South Korea’s Kospi (-0.93%). China’s Shanghai SE recorded a slight gain of 0.28%.

European markets are down, struggling to gain favorable momentum ahead of the European Central Bank (ECB) meeting scheduled for later this week. The ECB is expected to keep interest rates unchanged on Thursday despite further evidence that inflation is slowing.

On the U.S. economic agenda for Tuesday, three important announcements stand out: the revised February Services Sector PMI by S&P Global at 09:45 AM, the February Services Sector ISM Index at 10 AM by the Institute for Supply Management, and February factory orders at 10 AM by the Commerce Department.

After a weak start, U.S. stocks fluctuated on Monday, closing slightly lower, reflecting investor caution in the absence of significant economic data. The Dow Jones, S&P 500, and Nasdaq saw declines of 0.25%, 0.12%, and 0.41%, respectively.

For quarterly earnings, scheduled to report financial results before market open are Nio (NYSE:NIO), Target (NYSE:TGT), Cipher Mining (NASDAQ:CIFR), Ferguson (NYSE:FERG), Compugen (NASDAQ:CGEN), Seres Therapeutics (NASDAQ:MCRB), Vivid Seats (NASDAQ:SEAT), Nuwellis (NASDAQ:NUWE), Global Business Travel (NYSE:GBTG), Angel Oak (NYSE:AOMR), among others.

After the market close, investors await results from Crowdstrike (NASDAQ:CRWD), ChargePoint (NYSE:CHPT), Ross Stores (NASDAQ:ROST), Nuvei (NASDAQ:NVEI), Nordstrom (NYSE:JWN), Box (NYSE:BOX), Aeva (NYSE:AEVA), HashiCorp (NASDAQ:HCP), Couchbase (NASDAQ:BASE), NewtekOne (NASDAQ:NEWT), and more.

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