Investing.com - U.S. stock futures pointed to a moderately higher open on Tuesday, after the S&P 500 closed at a record high on Monday, still supported by the previous week's U.S. jobs report, although speculation over the future of the Federal Reserve's stimulus program persisted.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.11% rise, S&P 500 futures signaled a 0.11% gain, while the Nasdaq 100 futures indicated a 0.11% increase.
Market sentiment remained supported after data on Friday showed that the U.S. economy added more jobs than expected in November, pushing the unemployment rate down to a five year low of 7.0%.
In addition, data earlier showed that Chinese retail sales rose by a stronger than expected 13.7% in November, while industrial production rose 10.0%, just shy of expectations. The data eased concerns over a slowdown in the world’s second largest economy.
American Airlines Group was expected to remain in the spotlight a day after the U.S. Supreme Court declined to grant a stay that would have blocked the merger of American Airlines parent AMR and U.S. Airways. Shares were steady, up 0.04%, in pre-market trade.
Sysco shares were up 0.32% in extended trading, after soaring over 9% on Monday, as the food-distribution company said it would pay about USD3.5 billion and take on about USD4.7 billion in debt to acquire competitor US Foods to form a company with about USD65 billion in annual revenue.
In the tech sector, Texas Instruments forecast fourth-quarter sales and profit in line with analysts’ predictions, thanks to higher demand for car components.
Elsewhere, Lululemon Athletica said founder Chip Wilson will step down as chairman to be replaced by Michael Casey, lead director of the board.
Other stocks likely to be in focus included Autozone, Leidos Holdings and H&R Block, scheduled to release quaterly earnings reports later in the day.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 added 0.16%, France’s CAC 40 edged up 0.17%, Germany's DAX rose 0.15%, while Britain's FTSE 100 gained 0.13%.
During the Asian trading session, Hong Kong's Hang Seng Index slipped 0.28%, while Japan’s Nikkei 225 Index fell 0.25%.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.11% rise, S&P 500 futures signaled a 0.11% gain, while the Nasdaq 100 futures indicated a 0.11% increase.
Market sentiment remained supported after data on Friday showed that the U.S. economy added more jobs than expected in November, pushing the unemployment rate down to a five year low of 7.0%.
In addition, data earlier showed that Chinese retail sales rose by a stronger than expected 13.7% in November, while industrial production rose 10.0%, just shy of expectations. The data eased concerns over a slowdown in the world’s second largest economy.
American Airlines Group was expected to remain in the spotlight a day after the U.S. Supreme Court declined to grant a stay that would have blocked the merger of American Airlines parent AMR and U.S. Airways. Shares were steady, up 0.04%, in pre-market trade.
Sysco shares were up 0.32% in extended trading, after soaring over 9% on Monday, as the food-distribution company said it would pay about USD3.5 billion and take on about USD4.7 billion in debt to acquire competitor US Foods to form a company with about USD65 billion in annual revenue.
In the tech sector, Texas Instruments forecast fourth-quarter sales and profit in line with analysts’ predictions, thanks to higher demand for car components.
Elsewhere, Lululemon Athletica said founder Chip Wilson will step down as chairman to be replaced by Michael Casey, lead director of the board.
Other stocks likely to be in focus included Autozone, Leidos Holdings and H&R Block, scheduled to release quaterly earnings reports later in the day.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 added 0.16%, France’s CAC 40 edged up 0.17%, Germany's DAX rose 0.15%, while Britain's FTSE 100 gained 0.13%.
During the Asian trading session, Hong Kong's Hang Seng Index slipped 0.28%, while Japan’s Nikkei 225 Index fell 0.25%.