June 11, 2014- Stocks Look to Consolidate After Recent Run

U.S. stocks may once again go through the motions of a consolidation, as the recent extended run up of the markets keep sentiment guarded, especially as there aren't any major catalysts to provide direction. The major U.S. index futures point to a modestly lower open after Asian stocks closed a lackluster session mixed, while the European markets are currently lower despite encouraging unemployment data from the U.K. Rendering the mood cautious would be a World Bank report released late yesterday, which suggests that global growth for 2014 will not measure up to its earlier expectations. The Dow futures are down 43 points, the S&P 500 futures are slipping 6.25 points and the Nasdaq 100 futures are slipping 12 points. Overbought U.S. stocks ended a lackluster session on Tuesday narrowly mixed amid a lack of any major trading cues, save some economic data from Asia and Europe.