NEW YORK (Reuters) - Wall Street was set for a slightly lower open on Tuesday as investors hesitated to push the market higher, with major indexes near record levels.
* Data showed the U.S. trade deficit narrowed in March as exports rebounded, but the improvement was probably not enough to help first-quarter growth.
* Shares of Office Depot Inc jumped 10 percent in premarket trading even as it reported a quarterly loss and said it would shut at least 400 stores in the United States, hurt by competition from e-retailers, mass market chains and drugstores.
* Apple Inc shares were likely to be in the spotlight after the stock traded above $600 for the first time since late 2012. Shares were flat in premarket trading.
* Shares of Athenahealth Inc fell 12 percent in premarket trading, a day after hedge fund manager David Einhorn said his Greenlight Capital was betting against the company.
* S&P 500 e-mini futures were down 1.5 points and were in line with fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones e-minis lost 14 points and Nasdaq 100 e-minis lost 2 points.
* Senior management from U.S. drugmaker Pfizer and British pharmaceutical firm AstraZeneca will be called before a British parliamentary committee to answer questions on a potential takeover deal. Last week, AstraZeneca rejected a 63 billion-pound ($106 billion) bid from Pfizer, but the U.S. firm is expected to pursue its efforts to acquire Britain's second-largest pharmaceutical company.
* U.S. stocks ended slightly higher on Monday as data showed strength in the services sector and Apple shares rallied, boosting the Nasdaq.
(Reporting by Angela Moon; Editing by Bernadette Baum)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
