U.S. stock futures signal dip in early trade

* U.S. stock index futures pointed to a lower open on Wall
Street on Tuesday, with futures for the S&P 500 (SPc1: ) down 0.29
percent, Dow Jones (DJc1: ) futures down 0.16 percent and Nasdaq
100 (NDc1: ) futures down 0.16 percent at 0730 GMT.

* On the M&A front, top U.S. coal miner Peabody Energy
(BTU.N: ) raised its offer for Australia’s Macarthur Coal (MCC.AX: )
to $3.27 billion, but the new offer is at a discount to
Macarthur’s last trading price. [ID:nSGE63500D]

* Alcoa Inc (AA.N: ) said on Monday it plans to shut and
demolish two previously idled plants, citing market
fundamentals.

* Microsoft Corp (MSFT.O: ) is set to announce its
long-awaited “Project Pink” phones early next week, sources
familiar with the matter said on Monday, as the world’s largest
software company attempts to gain traction in the growing market
for young smartphone users.

* Apple Inc (Read more about Apple stock future.) (AAPL.O: ) sold more than 300,000 iPads on the
tablet computer’s first day in stores, a strong showing that
roughly matched Wall Street forecasts and mirrored the iPhone’s
debut in 2007.

* After the bell on Monday, Bally Technologies Inc (BYI.N: )
shares fell more than 7 percent after the company posted an
updated outlook.

* On the macro front, the Federal Reserve will release
minutes from its March 16 meeting, at which the Federal Open
Market Committee reiterated its intention to keep interest
rates ultra low for “an extended period”.

* Oil fell a few cents as the dollar firmed on Tuesday,
sliding from an 18-month high near $87 reached a day earlier on
data showing the pace of the U.S. economic rebound has gathered
steam.

* U.S. Treasury prices slid on Monday with benchmark yields
touching 4 percent for the first time in 10 months, after upbeat
data boosted bets the economic recovery will quicken, paring
safe-haven demand for bonds.

* European stocks were up 0.5 percent in morning trade, led
by energy shares such as BP (BP.L: ) and Total (TOTF.PA: ) [.EU],
while Japan’s Nikkei average dropped 0.5 percent on Tuesday, hit
by profit-taking after successive days of 18-month highs.

* U.S. stocks (Read more about the stock market today. ) rose on Monday, pushing the Dow up near the
11,000 level, as signs of a turnaround in the U.S. labor market
bolstered hopes the economy is strengthening and the profit
outlook is brightening.

* The Dow Jones industrial average (.DJI: ) gained 46.48
points, or 0.43 percent, to end at 10,973.55. The Standard &
Poor’s 500 Index (.SPX: ) rose 9.34 points, or 0.79 percent, to
finish at 1,187.44. The Nasdaq Composite Index (.IXIC: ) shot up
26.95 points, or 1.12 percent, to 2,429.53.

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(Reporting by Blaise Robinson; Editing by Jon Loades-Carter)

U.S. stock futures signal dip in early trade