Wall St futures signal weaker start for US stocks

* Futures for the Dow Jones industrial average (DJc1: ), the
S&P 500 (SPc1: ) and the Nasdaq 100 (NDc1: ) fell 0.2 to 0.7
percent, pointing to a weaker start on Wall Street on Tuesday.

* U.S. President Barack Obama, scrambling to spur job
creation, proposed a six-year plan on Monday to rebuild U.S.
infrastructure with an initial $50 billion investment and
prepared new business tax cuts. [ID:nN06186655]

* Silicon Valley technology giant Oracle Corp (ORCL.O: ) has
hired Mark Hurd, the former chief executive of Hewlett-Packard
Co (HPQ.N: ) who resigned amid a scandal, as president.
* The U.S. Justice department is looking into Google Inc (Read more about Google Stock Analysis)’s
(GOOG.O: ) takeover of airline ticketing software firm ITA
Software Inc, to determine whether the deal would exert too much
influence on the online travel industry, the Wall Street Journal
said. [ID:nSGE68604D]

* China wants to reduce tensions with the United States
through quiet talk, not shouting matches, a top diplomat told
White House advisers on Tuesday, aiming to pave the way for a
visit by President Hu Jintao early next year. [ID:nTOE68603Z]

* American International Group Inc (AIG.N: ) is leaning
towards a new sale of its Taiwan unit, according to one of the
original buyers, opening the way for a number of Taiwanese banks
who have expressed interest. [ID:nTOE68601D]

* Resource-related stocks will be in focus, with crude oil
(CLc1: ) extending losses as the dollar strengthened and Tropical
Storm Hermine made landfall near the Mexico-Texas border with no
signs of disruption to crude or refining output.

* The U.S. market was closed on Monday for a holiday. On
Friday, the Dow Jones industrial average (.DJI: ) shot up 127.83
points, or 1.24 percent, to 10,447.93, marking a move back into
the black for the year. The Standard & Poor’s 500 Index (.SPX: )
gained 14.41 points, or 1.32 percent, to 1,104.51. The Nasdaq
Composite Index (.IXIC: ) rose 33.74 points, or 1.53 percent, to

* The S&P 500 closed above 1,100 for the first time since
Aug. 10. Momentum measures, including the moving average
convergence-divergence, indicated the benchmark was poised for
more gains.

* Japan’s Nikkei average (.N225: ) fell 0.8 percent on
Tuesday, dented by profit-taking after four days of hefty gains
and as the yen’s strength showed little sign of abating.

* European shares fell 0.5 percent on Tuesday, with banks
down after a news report renewed jitters about the health of the
sector, though the market got some support from drugmakers as
investors bought defensive stocks.
(Reporting by Atul Prakash; Editing by Erica Billingham)

Wall St futures signal weaker start for US stocks