Investing.com - Wall Street futures Tuesday pointed to a slightly higher open for the major U.S. indexes after stocks declined in the previous session as some investors took profits in the wake of a record setting week.
The blue-chip Dow futures rose 24 points or 0.13%, S&P 500 futures edged up 3.00 points or 0.14%, while the tech-heavy Nasdaq 100 futures added 7.62 points or 0.12%.
Shares in e-commerce giant Amazon (NASDAQ:AMZN) looked likely to be in focus after it said it was on track to have its "best Cyber Monday in history," and said orders placed on its mobile app rose compared with last year.
Wal-Mart (NYSE:WMT) said purchases made on its mobile app jumped 150% this year.
In the technology sector, Samsung Electronics (KS:005930) said Tuesday it will consider creating a holding company amid calls from investors to split the company into two.
Shares in Tiffany & Co (NYSE:TIF). were also likely to move with the luxury jeweler retailer slated to report quarterly earnings ahead of the open.
In Europe, stocks recovered from early losses as falling commodity prices were offset by a recovery in Italian banks.
Oil prices also remained in focus as they fell in volatile trade amid doubts over whether the Organization of the Petroleum Exporting Countries will be able to reach an agreement on output cuts aimed at reducing global oversupply and propping up prices.
In currency markets, the dollar firmed up, with the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, at 101.34.
Investors were waiting on a raft of U.S. data, including a second look at third quarter GDP later in the day, ISM manufacturing data on Thursday and Friday’s nonfarm payrolls report for November.
Upbeat data would further feed into expectations for an interest rate hike by the Federal Reserve next month.
According to Investing.com's Fed Rate Monitor Tool, 97.8% of traders expect the Fed to raise interest rates at its policy meeting in December.
Meanwhile, New York Fed President William Dudley was scheduled to speak in Puerto Rico at 09:15 ET and a report on U.S. consumer confidence for November was due for release at 10:00 ET.