Investing.com - Wall Street futures pointed to a higher open on Tuesday, boosted by rising oil prices and as investors awaited a fresh batch of quarterly earnings reports.
The blue-chip Dow futures were up 0.24%, the S&P 500 futures rose 0.31%, while the tech-heavy Nasdaq 100 futures gained 0.25%.
Oil prices moved back higher on Tuesday, as an oil worker strike in Kuwait cut the country’s crude production nearly in half.
Crude had tumbled the previous day after a meeting of the world’s major oil producers in Doha, Qatar on Sunday ended without an agreement on curbing production intended to prop up prices.
Shares in oil and gas giant BP (LON:BP) were up 0.74% in pre-market trade.
The financial sector was set to remain in focus, with earnings from Goldman Sachs (NYSE:GS) due later in the day.
Morgan Stanley (NYSE:MS) posted better-than-expected earnings per share with revenue roughly in line with expectations on Monday. Shares inched up just 0.04% in pre-market trade.
eBay Inc (NASDAQ:EBAY) was also expected to be in the spotlight after Morgan Stanley downgraded the stock to "underweight" on Tuesday, citing lackluster buyer and spending growth as well as rising competition from Amazon (NASDAQ:AMZN). Shares tumbled 1.98% in pre-market trade.
Other U.S. companies scheduled to release earnings on Tuesday included Johnson & Johnson (NYSE:JNJ), UnitedHealth Group Incorporated (NYSE:UNH), Intel (NASDAQ:INTC), Yahoo (NASDAQ:YHOO) and Intuitive Surgical (NASDAQ:ISRG).
Later Tuesday, the U.S. was set to release data on building permits and housing starts.