Investing.com - U.S. futures were higher on Tuesday as concerns over trade tensions between the U.S. and China eased and strong quarterly earnings for Home Depot boosted the Dow.
The S&P 500 futures rose 16 points or 0.59% as of 6:48 AM ET (11:38 GMT) while Dow futures were up 127 points, or 0.50%. Meanwhile tech heavy Nasdaq 100 futures increased 57 points, or 0.83%.
Concerns over trade tensions eased on news that China’s trade negotiator could head to Washington ahead of a meeting of the two countries leaders later this month.
The South China Morning Post reported that Liu He could visit Washington as part of the preparations for the talks between U.S. President Donald Trump and his Chinese counterpart Xi Jinping at the G20 summit in Argentina.
The U.S. has imposed tariffs of more than $250 billion Chinese imports, which China has retaliated against, as the two have failed to come up with a trade agreement.
Home Depot (NYSE:HD) was among the top gainers in premarket trading, rising 2.27% after the retailers earnings beat forecasts.
Apple (NASDAQ:AAPL) edged up 0.22% after tumbling 5% on Monday amid worries over signs of weak iPhone demand.
Snap Inc (NYSE:SNAP) gained 5.11% after news that its vice president of content is leaving the company.
General Electric (NYSE:GE) increased 0.75% while Microsoft (NASDAQ:MSFT) was up 0.43% and Tesla (NASDAQ:TSLA) rose 0.90%.
Elsewhere Perrigo Co (NYSE:PRGO) fell 0.98%, while Procter & Gamble Company (NYSE:PG) dipped 0.20% and Halliburton (NYSE:HAL) down 0.47%.
On the central banking front, Minneapolis Fed President Neel Kashkari speaks at 10:00 AM ET (15:00 GMT), while Fed Governor Lael Brainard is speaking at the Philadelphia Fed’s fintech conference, along with Philly Fed President Patrick Harker. San Francisco Fed President Mary Daly is due to speak later in the day.
In commodities, gold futures fell 0.24% to $1,198.40 a troy ounce while crude oil futures were down 2.10% to $58.67 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was holding near 17-month highs at 97.30.