US STOCKS-Futures fall as oil prices slump after Iran deal

martes 14 de julio de 2015 07:22 GYT
 

* Futures: Dow down 9 pts, S&P down 1 pt, Nasdaq up 2 pts

By Tanya Agrawal

July 14 (Reuters) - U.S. stock index futures mostly fell on Tuesday as investor focus shifted from Greece to the U.S. earnings season and as oil prices took a beating on expectations of increased supply after an Iran nuclear deal.

* Iran and six world powers reached a deal under which sanctions imposed by the United States, European Union and United Nations would be lifted in exchange for curbs on Iran's nuclear program.

* Brent crude futures fell 1.85 percent to $56.77 a barrel, its lowest in over three months, while U.S. crude was trading down 2.01 percent at $51.16 per barrel.

* U.S. quarterly earnings kick off in earnest with big banks reporting this week. Bank earning are expected to benefit from a recent rise in long-term yields relative to short term yields.

* JPMorgan's shares rose 1.63 percent to $69.20 in premarket trading after the biggest U.S. bank by assets reported a 5.2 percent increase in quarterly profit as expenses declined.

* Wells Fargo and Dow component Johnson & Johnson are scheduled to report before the bell while Yum Brands will report after the close.

* Corporate earnings are expected to have fallen 2.9 percent in the second-quarter, according to Thomson Reuters estimates data.   Continuación...