MARKET SNAPSHOT: U.S. Stocks On Track For First Loss In Three Sessions

By Sara Sjolin, MarketWatch

Qualys plunges more than 25% premarket

U.S. stocks were heading for losses for the first time in three sessions on Tuesday, with stock futures pointing lower ahead of trade numbers and service-sector data.

It also looks like another busy day for corporate news, with Kellogg (K), Sprint (S) and Office Depot (ODP) slated to report earnings ahead of the bell.

Futures for the Dow Jones Industrial Average (YMM5) fell 12 points, or 0.1%, to 17,983, while those for the S&P 500 index (ESM5) dropped 2.55 points, or 0.1%, to 2,106.75. Futures for the Nasdaq 100 index (NQM5) lost 8 points, or 0.2%, to 4,468.50.

The moves follow two days of gains for the major indexes, with the S&P 500 (SPX) on Monday ending just a few points shy (http://www.marketwatch.com/storyno-meta-for-guid) of its record close set on April 24.

Data: Investors are already looking ahead to the top-tier nonfarm-payrolls report on Friday, but have some data to zoom in on Tuesday. At 8:30 a.m. Eastern Time, the trade deficit for March is due, forecast to show a rise to $43.5 billion, from $35.4 billion in February (http://www.marketwatch.com/story/us-trade-deficit-sinks-17-in-february-to-354-billion-2015-04-02).

At 10 a.m. Eastern, the ISM nonmanufacturing data are due. The report -- also known as the ISM reading for the services sector -- is expected to come in at 56.5% in April, unchanged from March (http://www.marketwatch.com/story/ism-services-index-dips-in-march-but-shows-steady-us-growth-2015-04-06).

Among Federal Reserve speakers, Minneapolis Fed President Narayana Kocherlakota speaks at the town hall in Marshall, Minnesota at 8 p.m. Eastern.

Earnings: Reporting ahead of the bell, Kellogg Co.(K) is projected to report first-quarter earnings of 92 cents a share, while Sprint(S) is forecast to report a loss of 6 cents a share in the fiscal fourth quarter, according to a consensus survey by FactSet.

Office Depot Inc.(ODP), DIRECTV(DTV) and Archer Daniels Midland Co.(ADM) were also scheduled to release results ahead of the bell.

Walt Disney Co.(DIS) moved forward its earnings release to 8 a.m. Eastern instead after the market close so that executives could attend the funeral of Dave Gold (http://www.marketwatch.com/story/dave-goldberg-died-while-exercising-on-vacation-2015-05-04)berg, husband of board member and Facebook operating chief Sheryl Sandberg. The company is forecast to post fiscal second-quarter earnings of $1.11 a share

After hours, Groupon Inc.(GRPN) is expected to report first-quarter earnings of a penny a share. Herbalife Ltd.(HLF) is forecast to post first-quarter earnings of $1 a share. On Monday, Herbalife's biggest critic, Bill Ackman, reiterated his confidence in his bet against the health-supplements company in a CNBC interview at the Ira Sohn investment conference in New York.

Movers and shakers: Shares of Qualys Inc.(QLYS) plunged 26% ahead of the bell after the cloud-security company late Monday posted a disappointing outlook (http://www.marketwatch.com/story/comcast-cablevision-tyson-foods-earnings-in-focus-2015-05-01).

Other markets: Chinese stocks slid 4.1%, suffering their second largest daily fall this year (http://www.marketwatch.com/storyno-meta-for-guid).

European stock markets shook off earlier losses and held on to gains after the European Commission lifted its growth outlook for the eurozone (http://www.marketwatch.com/story/eu-lifts-eurozone-growth-forecast-2015-05-05-5485346).

Oil prices (CLM5) advanced, while most metals declined. The dollar (DXY) traded higher against most other major currencies.

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