U.S. stock index futures pointed to a mixed open Tuesday ahead of several key economic reports and as investors digested a handful of earnings.
Trading is likely to be quiet with many major European and Asian markets closed in observance of May Day.
Pfizer topped earnings expectationsas cost controls helped offset falling sales of its cholesterol drug Lipitor, which now faces competition from generic alternatives. Earlier this month, the drugmaker agreed to sell its baby formula division to Nestle for $11.85 billion.
And oil producer BP reported a
Broadcom , CBS , Chesapeake and Motorola Mobility are among notable companies slated to post earnings after-the-bell tonight.
On the economic front, construction spending for March due to be released at 10:00am ET. And the ISM manufacturing index for April is due to be released at the same time. Economists in a Reuters survey expected a reading of 53.0 versus 53.4 in March.
Bank of America said it is planning to slash up to 400 positions, according to the Wall Street Journal, citing sources, adding that the sale of the financial giant's wealth-management operations overseas would reduce up to 2,000 jobs.