August 06, 2014- Stocks Remain Cautious on Ukraine Concerns

Early indications suggest that Wall Street stocks may see a lower opening, as traders still contend with uncertainties against the backdrop of rising geopolitical risks and monetary policy uncertainties. Asian stocks ended lower across the board earlier in the global trading and the European markets are also seeing weakness, stung by a couple of weak domestic economic data on German factory orders and U.K. industrial production. With the absence of any major economic catalysts, the domestic markets could go about a consolidation mode unless bargain hunting triggers some buying. The Dow futures are declining 34 points, the S&P 500 futures are down 2.75 points and the Nasdaq 100 futures are moving down 6.50 points. Downward momentum in the markets resumed on Tuesday, as U.S. stocks declined amid renewed tensions in Ukraine and the release of fairly strong service sector readings that triggered expectations for an early rate hike.