Investing.com - U.S. stock futures pointed to a higher open on Monday, as news of a historic deal on Iran's nuclear program supported risk sentiment, while investors continued to focus on the future of the Federal Reserve's bond-buying program.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.40% increase, S&P 500 futures signaled a 0.34% gain, while the Nasdaq 100 futures indicated a 0.39% rise.
Weekend talks among the U.S., Russia, China, Britain, Germany, France and Iran ended in agreement on a "first step deal” that is meant to limit advancements in Iran's nuclear program in exchange for easing economic sanctions against Tehran.
But investors remained cautious after last week’s minutes of the Fed’s October meeting said the bank could start tapering its USD85 billion-a-month asset purchase program in the “coming months” if the economy continues to improve as expected.
Auto stocks were expected to be active, after European carmakers were boosted by the deal with Teheran.
In the tech sector, Apple shares were up 0.31% in pre-market trade after the iPhone maker agreed to acquire Israel's PrimeSense, the maker of motion-tracking chip technology that was used in Microsoft's Kinect game console, in a USD350 million deal.
Yahoo was also likely to be in focus, as the company was seeking to to hire TV anchor Katie Couric, in a move to build content as more consumers turn to the Internet for television-style reporting. The company's shares rose 0.27% pre-market.
Elsewhere in company news, Comcast and Charter Communications were said to be considering a breakup of Time Warner Cable as part of a joint bid.
Boeing was also slated to return to the spotlight after the company told airlines that some Dreamliners with General Electric engines must bypass thunderstorms as a precautionary measure, in what was the latest advisory on the 787 that was grounded globally earlier this year.
Other stocks expected to be in focus included Seadrill, scheduled to report earnings later in the day.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 gained 0.64%, France’s CAC 40 climbed 0.58%, Germany's DAX jumped 0.90%, while Britain's FTSE 100 rose 0.33%.
During the Asian trading session, Hong Kong's Hang Seng Index dipped 0.05%, while Japan’s Nikkei 225 Index rallied 1.54%.
Later in the day, the U.S. was to release private sector data on pending home sales.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.40% increase, S&P 500 futures signaled a 0.34% gain, while the Nasdaq 100 futures indicated a 0.39% rise.
Weekend talks among the U.S., Russia, China, Britain, Germany, France and Iran ended in agreement on a "first step deal” that is meant to limit advancements in Iran's nuclear program in exchange for easing economic sanctions against Tehran.
But investors remained cautious after last week’s minutes of the Fed’s October meeting said the bank could start tapering its USD85 billion-a-month asset purchase program in the “coming months” if the economy continues to improve as expected.
Auto stocks were expected to be active, after European carmakers were boosted by the deal with Teheran.
In the tech sector, Apple shares were up 0.31% in pre-market trade after the iPhone maker agreed to acquire Israel's PrimeSense, the maker of motion-tracking chip technology that was used in Microsoft's Kinect game console, in a USD350 million deal.
Yahoo was also likely to be in focus, as the company was seeking to to hire TV anchor Katie Couric, in a move to build content as more consumers turn to the Internet for television-style reporting. The company's shares rose 0.27% pre-market.
Elsewhere in company news, Comcast and Charter Communications were said to be considering a breakup of Time Warner Cable as part of a joint bid.
Boeing was also slated to return to the spotlight after the company told airlines that some Dreamliners with General Electric engines must bypass thunderstorms as a precautionary measure, in what was the latest advisory on the 787 that was grounded globally earlier this year.
Other stocks expected to be in focus included Seadrill, scheduled to report earnings later in the day.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 gained 0.64%, France’s CAC 40 climbed 0.58%, Germany's DAX jumped 0.90%, while Britain's FTSE 100 rose 0.33%.
During the Asian trading session, Hong Kong's Hang Seng Index dipped 0.05%, while Japan’s Nikkei 225 Index rallied 1.54%.
Later in the day, the U.S. was to release private sector data on pending home sales.