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Home / Business / US futures point to higher open ahead of important economic data

US futures point to higher open ahead of important economic data



The U.S. stock index futures were higher on Tuesday morning after Wall Street had a record close Monday.

Around 05:00 ET, Dow futures rose by 78 points, indicating a positive opening of more than 62 points, while futures on the S&P 500 and Nasdaq were also higher.

Strong earnings, more promising financial data and optimism about a possible US-China trade agreement allowed the Dow Jones Industrial Average to join the S&P 500 and Nasdaq Composite at record highs on Monday.

The Dow's year-to-date gain now stands at around 18%, while the S&P 500 is up more than 22% and the Nasdaq more than 27% so far this year.

Market focus is still aligned with trade talks, with Reuters reporting on Monday that China is pushing US President Donald Trump to remove several tariffs imposed in September as part of the widely recognized "phase one" trade between the two nations.

Traders will also have their eyes open for a series of financial data Tuesday morning. The figures for trade, import and export for September will be published at. 9:30 a.m. ET before November Redbook data at. 9:55 ET.

Composite and services figures PMI (Procurement Index) for October is expected at 1

0:45 am ET, followed by non-producing PMI and a number of other non-production figures at 11 am ET.

On the income front, Allergan and Becton Dickinson are eligible to report before Tuesday. [19659002] – CNBC's Fred Imbert contributed to this report.


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