U.S. stock futures drifted lower ahead of the open. Alcoa reported earnings late Monday that met expectations, but revenue fell short. Chip maker Intel and railroad operator CSX report after the close today, JPMorgan Chase reports Wednesday, while Google and Bank of America are due later this week.
On the economic front, the U.S. trade deficit widened in February more than anticipated as imports climbed faster than exports. Meanwhile, prices of good imported into the U.S. rose less than expected, indicating few signs of inflation pressures from abroad.
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