Gibt es einen Grund für den schwachen Nasi-Future?

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Investors could sell at open as they await Alcoa's 3Q results.
October 7, 2003: 5:32 AM EDT
By Mark M. Meinero, CNN/Money Staff Writer

NEW YORK (CNN/Money) - Renewed concern about the dollar's strength could send U.S. stocks lower at Tuesday's open while investors wait for the first Dow component, Alcoa, to report third-quarter earnings.

At 5:30 a.m. ET, futures pointed to a lower start for the major indexes.

The dollar fell to its lowest level against the euro in three months amid continued concern about the U.S. economy, particularly the growing budget deficit. The dollar was also lower against the yen.

"Sentiment is still dollar negative and it will take some very decent equity news to turn this around. The market needs something to hang its hat on," Ian Gunner, head of foreign exchange research at

Mellon, told Reuters.

The wait for September quarter results ends Tuesday, with Alcoa unveiling its numbers after the close. The aluminum maker is expected to post a profit of 30 cents a share, up from 26 cents a year earlier, according to a consensus of analysts surveyed by First Call.

Among U.S. stocks trading in Europe, Alcoa (AA: Research, Estimates) fell more than 1 percent.

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