Investing.com - U.S. stock futures pointed to a moderately higher open on Tuesday, as market sentiment improved after a well-received auction of Italian government debt and amid hopes for progress on the euro zone’s debt crisis.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.48%, S&P 500 futures signaled a 0.61% advance, while the Nasdaq 100 futures indicated a 0.30% increase.
Italy’s Treasury auctioned EUR7.5 billion of debt but borrowing costs surged to euro-era highs. The yield on new three-year bond was 7.89% and 10-year yields climbed to 7.56% from 6.06% at a similar auction last month.
Market sentiment found support as Italian bond yields came off the highs they hit ahead of the auction, with the two-year yield easing back below the 7% threshold.
Euro zone finance ministers were to meet later in the day and were expected to approve plans to enlarge the scope of the region’s bailout fund, the European Financial Stability Facility. They were also expected to sign off on Greece’s next tranche of financial aid.
Amazon saw shares soar 6.44% after saying on Monday it saw a surge in sales of its Kindle devices, on the crucial "Black Friday" shopping day after Thanksgiving.
Meanwhile, Internet services company AOL climbed 1.55% after Chief Executive Tim Armstrong said he remains committed to keeping the company independent and is not looking at Yahoo's assets, even as AOL's larger rivals seek to consolidate. Yahoo also saw shares advance 1.66%.
Elsewhere, financial stocks were sharply higher, led by Citigroup with shares surging 6.01%. JP Morgan saw shares jump 2.39% and Goldman Sachs climbed 2.29%, while Bank of America advanced 1.55%.
On the downside, American Airlines parent AMR Corp declined 0.49% as it filed for bankruptcy after failing to secure cost-cutting labor agreements and a round of mergers, dropping the company from the world’s largest airline to number three in the U.S.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 rose 0.28%, France’s CAC 40 advanced 0.36%, Germany's DAX climbed 0.29%, while Britain's FTSE 100 eased up 0.04%.
During the Asian trading session, Hong Kong's Hang Seng Index climbed 1.3%, while Japan’s Nikkei 225 Index surged 2.3%.
Later in the day, the U.S. was to release industry data on house price inflation as well as a report on consumer confidence.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.48%, S&P 500 futures signaled a 0.61% advance, while the Nasdaq 100 futures indicated a 0.30% increase.
Italy’s Treasury auctioned EUR7.5 billion of debt but borrowing costs surged to euro-era highs. The yield on new three-year bond was 7.89% and 10-year yields climbed to 7.56% from 6.06% at a similar auction last month.
Market sentiment found support as Italian bond yields came off the highs they hit ahead of the auction, with the two-year yield easing back below the 7% threshold.
Euro zone finance ministers were to meet later in the day and were expected to approve plans to enlarge the scope of the region’s bailout fund, the European Financial Stability Facility. They were also expected to sign off on Greece’s next tranche of financial aid.
Amazon saw shares soar 6.44% after saying on Monday it saw a surge in sales of its Kindle devices, on the crucial "Black Friday" shopping day after Thanksgiving.
Meanwhile, Internet services company AOL climbed 1.55% after Chief Executive Tim Armstrong said he remains committed to keeping the company independent and is not looking at Yahoo's assets, even as AOL's larger rivals seek to consolidate. Yahoo also saw shares advance 1.66%.
Elsewhere, financial stocks were sharply higher, led by Citigroup with shares surging 6.01%. JP Morgan saw shares jump 2.39% and Goldman Sachs climbed 2.29%, while Bank of America advanced 1.55%.
On the downside, American Airlines parent AMR Corp declined 0.49% as it filed for bankruptcy after failing to secure cost-cutting labor agreements and a round of mergers, dropping the company from the world’s largest airline to number three in the U.S.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 rose 0.28%, France’s CAC 40 advanced 0.36%, Germany's DAX climbed 0.29%, while Britain's FTSE 100 eased up 0.04%.
During the Asian trading session, Hong Kong's Hang Seng Index climbed 1.3%, while Japan’s Nikkei 225 Index surged 2.3%.
Later in the day, the U.S. was to release industry data on house price inflation as well as a report on consumer confidence.