US pre-open: Futures mixed as rising Covid-19 cases in Europe weigh on sentiment

Wall Street futures were mixed ahead of the bell on Tuesday as rising international Covid-19 cases remained in focus.

As of 1200 GMT, Dow Jones futures were up 0.05%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.02% and 0.21% lower, respectively.

The Dow closed just 17.27 points higher on Monday as market participants monitored rising Covid-19 cases across Europe and rising bond yields fuelled a tech sell-off.

Trading was expected to be somewhat slow on Tuesday given the Thanksgiving holiday-shortened week. However, traders will be keeping an eye out for a number of earnings reports before the bell and the odd data point later in the day.

On the macro front, a flash reading of IHS Markit's November manufacturing PMI will be published at 1445 GMT, while the Richmond Federal Reserve's November manufacturing index will follow at 1500 GMT.

In the corporate space, Abercrombie & Fitch, American Eagle Outfitters, Best Buy and Dollar Tree will all report their latest quarterly earnings numbers before the open, while GAP, Nordstrom, Dell Technologies and HP will report after the close.

Investors were also still firmly focussed on international Covid-19 woes after German Chancellor Angela Merkel warned that the European nation was now experiencing a spike in new cases.