Futures flat as Fed hopes offset Caterpillar
NEW YORK (Reuters) – U. S. stock index futures were little changed on Tuesday as a pessimistic outlook from multinational manufacturer Caterpillar was offset by hopes the boost from central banks’ stimulus will sustain economic growth and markets. Data on U. S. home prices and consumer confidence scheduled for later on Tuesday could help give the market direction. Just minutes before markets closed on Monday, Caterpillar Inc cut its 2015 profit outlook, warning that weaker commodity prices would result in a bigger-than-expected decline in demand, sending shares down 1. 4 percent to $89. . . .
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