Home Depot, Caterpillar weigh on stock futures; Fed testimony awaited

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Home Depot, Caterpillar weigh on stock futures; Fed testimony awaited
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U.S. stock futures edged lower on Tuesday, hit by losses in Home Depot and Cater...

- U.S. stock futures edged lower on Tuesday, hit by losses in Home Depot and Caterpillar shares, while investors awaited Federal Reserve Chair Jerome Powell’s testimony on monetary policy.

Caterpillar Inc shares took a hit, falling 3.8 percent, after brokerage UBS double downgraded the company’s shares to “sell”. At 7:12 a.m. ET, Dow e-minis were down 93 points, or 0.36 percent. S&P 500 e-minis were down 5.25 points, or 0.19 percent and Nasdaq 100 e-minis were down 20.25 points, or 0.28 percent.

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