Investing.com – U.S. futures rose on Tuesday ahead a flurry of earning results as Wall Street looks poised to open with another record day of highs.
The S&P 500 futures rose just over three points or 0.12% as of 6:28 AM ET (11:28 AM GMT) while Dow futures jumped 53 points or 0.23% Tech heavy Nasdaq 100 futures increased six points or 0.11%.
Bank stocks were among the top performing stocks in pre-market trading, with Deutsche Bank (DE:DBKGn) increasing 3.28% and the U.S. arm of Spanish bank Santander (MC:SAN) rising 1.86%. Financial firm Credit Suisse (SIX:CSGN) inched forward 0.81% while UBS Group AG (NYSE:UBS) gained 0.40%.
Meanwhile, shares of technology firm Apple (NASDAQ:AAPL) fell 0.37% before the opening bell. Social media company Snap Inc (NYSE:SNAP) slumped 1.14% amid news that hundreds of thousands of its Spectacles glasses are sitting in warehouses. Home manufacturing firm Whirlpool (NYSE:WHR) decreased 8.49% after Sears said it would no longer carry the company’s appliances.
Earnings continues into Tuesday, with construction company Caterpillar (NYSE:CAT), car maker General Motors (NYSE:GM) and McDonald’s Corporation (NYSE:MCD) expected to release their earnings results before the morning bell.
In economic news, the Purchasing Manager's Index data comes out at 9:45 AM ET (2:45 PM GMT). The survey’s are a leading indicator of the health of the economy and investors will be looking for signs that the Federal Reserve could increase interest rates in December.
European stocks edged forward as investors look to the European Central Bank monetary policy meeting on Thursday. Spain’s IBEX 35 rose 38 points or 0.38% and Germany’s DAX jumped 22 points or 0.18% while in France the CAC 40 was up 14 points or 0.26%. In London, the FTSE 100 increased four points or 0.06% Meanwhile the pan-European Euro Stoxx 50 rallied seven points or 0.21%.
In commodities, gold futures fell 0.04% to $1,280.32 a troy ounce while crude oil futures rose 0.66% to $52.24 a barrel as investors look forward to U.S. data on stockpiles of crude and refined oil. The U.S. dollar index, which measures the greenback against a basket of six major currencies, inched forward 0.03% to 93.75.