Advertisment
U.S. stock futures rose Tuesday as Wall Street tried to build momentum following positive sessions for the NASDAQ Composite and S&P 500.
Futures for the Dow Jones Industrials jumped 71 points, or 0.2%, to 34,595.
Futures for the S&P 500 improved 19.75 points, or 0.5%, to 4,432.25.
Futures for the NASDAQ added 96 points, or 0.6%, to 15,081.75.
The NASDAQ posted its biggest advance of the month during Monday’s main trading session, rising 1.6%. The S&P 500 added close to 0.7%.
The two benchmarks snapped a four-day slide, and the NASDAQ notched its biggest one-day advance since August. The Dow ticked down 0.1%.
Consumer retail giants Lowe’s and Macy’s are set to report quarterly earnings on Tuesday before the bell. Investors are keeping a close eye on Nvidia’s earnings due Wednesday. Its shares rose more than 8% Monday, making it one of the largest tech gainers. The company is largely seen as a bellwether on the AI-boom and sentiment.
On the economic data front, Wall Street will be looking toward the Philadelphia Fed’s nonmanufacturing survey, as well as the Richmond Fed’s manufacturing survey results. Existing home sales data for July is also scheduled for release Tuesday morning.
Traders are also anticipating Fed Chairman Jerome Powell’s remarks at Jackson Hole on Friday for more insight on the central bank’s inflation outlook.
In Japan, the Nikkei 225 index gained 0.9%, while in Hong Kong, the Hang Seng was up 1%.
Oil prices dumped 32 cents to $80.40 U.S. a barrel.
Gold prices shone brighter $7.60 to $1,930.60 U.S. an ounce.
