* China services sector growth at near nine-year low
* Euro zone businesses grow but deflation pressures mount
* Coach shares up after results, Target slides
* Futures off: Dow 59 pts, S&P 9 pts, Nasdaq 17 pts
(Updates prices, adds Target, Office Depot)
By Rodrigo Campos
NEW YORK, Aug 5 U.S. stocks were set to fall at
the open Tuesday weighed by earnings such as Target's, and as
growth in China's service sector slowed to a nine-year low in
July, stoking worries over the health of the world's
* Target posted preliminary results and cut its
second-quarter earnings estimate; its shares slid 4.1 percent in
* China's services purchasing managers' index fell to 50.0
in July, the lowest since data collection began in November
2005, from a 15-month high of 53.1 in June.
* The data was partly offset by expansion in the euro zone's
services sector at the second-fastest pace in three years.
However, deflationary pressures continued to weigh on the bloc.
* Two separate readings on the U.S. services sector are due
in the first half hour after the market opens on Tuesday.
* S&P 500 e-mini futures were down 9 points and fair
value - a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the contract
- indicated a lower open. Dow Jones industrial average e-mini
futures fell 59 points and Nasdaq 100 e-mini futures
lost 17 points.
* Gannett Co shares rose 6.8 percent in premarket
trading after the publisher of USA Today said it would take full
ownership of automotive website Cars.com and spin off its
publishing assets into a publicly traded company as it focuses
on its digital businesses.
* Coach shares added 4.3 percent premarket after the
high-end retailer reported better-than-expected quarterly
revenue helped by a rise in sales in international markets.
* Office Depot reported a bigger quarterly loss but
raised its full-year adjusted operating income forecast on
higher-than-expected cost savings. Shares rose 4.3 percent in
* Shares of solar and LED equipment maker GT Advanced
Technologies rose 5.7 percent premarket a day after it
raised the lower end of its full-year 2014 adjusted profit
forecast, citing higher gross margins for the second half of the
* Online coupon company RetailMeNot shares tumbled
21.3 percent in premarket trading after it forecast quarterly
revenue below analysts' average estimate.
(Reporting by Rodrigo Campos; Editing by Bernadette Baum)