Futures edge lower in very light trading

US stock futures edge lower with markets awaiting economic indicators and corporate earns

Associated Press
Smaller US trade gap could lift 2nd-quarter growth
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In this Friday, June 28, 2013 photo, the container ship Baghira, foreground, and the oil tanker Seabulk Arctic, rear, are anchored off shore as they wait to enter Port Everglades in Fort Lauderdale, Fla. The government reports on the U.S. trade deficit for June on Tuesday, Aug. 6, 2013. AP Photo/Wilfredo Lee)

NEW YORK (AP) -- Stock futures are slightly lower in very light trading as markets await a slew of economic indicators this week and the latest round of financial reports from U.S. corporations.

Dow Jones industrial futures are down 31 points to 15,523. S&P futures have given up 3 points to 1,699.50. Nasdaq futures are down 2 points to 3,134.

Economists expect that the U.S. trade deficit narrowed in June as exports rebounded. The trade gap trimmed nearly 1 percentage point from economic growth in the second quarter due to economic strains overseas.

The Commerce Department posts trade data at 8:30 a.m. Eastern.

Consumer credit and unemployment claims numbers are due later this week.

Companies putting out earnings on Tuesday include Walt Disney, Molson Coors, Archer Daniels Midland, First Solar and Marathon Oil.

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