* Tiffany shares fall after CEO steps down
* Hasbro jumps after quarterly results beat expectations
* Futures down: Dow 29 pts, S&P 4 pts, Nasdaq 9.75 pts
(Adds details, comment, updates prices)
By Tanya Agrawal
Feb 6 U.S. stocks looked set to open lower on
Monday as investors sought fresh catalysts after a strong jobs
report last week, while uncertainty over President Donald
Trump's policies continued to weigh.
Wall Street rose on Friday, with the S&P 500 closing just
short of a record high, boosted by gains in financial shares as
Trump moved ahead with deregulation.
However, investors are wary about Trump's focus on
isolationist policies such as travel restrictions to the United
A federal judge on Friday blocked a travel ban on seven
mainly Muslim nations.
"The market is looking for direction from the White House on
policy," said Albert Brenner, director of asset allocation
strategy at People's United Wealth Management in Bridgeport,
"When you see the markets pause, it signals investors are
becoming more rational and are waiting to see some concrete
evidence that drove the market higher after the election."
Markets rallied sharply after Trump's election victory in
November, riding on hopes that his plans including simpler
regulations, higher infrastructure spending and tax cuts will
boost the economy.
However, Goldman Sachs economist Alec Phillips said in a
note that Trump's agenda presents risks as tax cuts and
infrastructure funding may boost growth, but may be offset by
negative effects of restrictions on trade and immigration.
Dow e-minis were down 29 points, or 0.15 percent,
with 25,175 contracts changing hands at 8:30 a.m. ET (1330 GMT).
S&P 500 e-minis were down 4 points, or 0.17 percent,
with 134,369 contracts traded.
Nasdaq 100 e-minis were down 9.75 points, or 0.19
percent, on volume of 19,977 contracts.
Fourth-quarter earnings for S&P 500 companies are expected
to grow 8 percent - their strongest performance in nine
Monday is light on data and earnings for investors to focus
Oil was slightly lower but steadied around $57 per barrel as
rising tensions between the United States and Iran and OPEC
supply cuts were countered by ample inventories and signs that
higher prices will revive U.S. output.
Tiffany fell 4.4 percent to $76.95 in premarket
trading as the upscale jeweler said its CEO has stepped down
after what the company called disappointing financial results.
Hasbro jumped 10.7 percent to $91.50 after the
toymaker's quarterly results beat expectations.
Chipotle Mexican Grill was down 1.9 percent at
$396.50 after Barron's said the burrito chain's stock could fall
as much as 35 percent in the next year.
(Reporting by Tanya Agrawal in Bengaluru; Editing by Anil