Investing.com - U.S. stock futures pointed to a higher open on Tuesday, as investors were eyeing the release of U.S. economic reports later in the day amid mounting expectations for a near-term end to the Federal Reserve's bond-buying program.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.60% gain, S&P 500 futures signaled a 0.65% increase, while the Nasdaq 100 futures indicated a 0.87% jump.
Investors still remained cautious amid expectations that the Federal Reserve is moving closer to scaling back its USD85 billion-a-month asset purchase program.
Last week, the minutes from the U.S. central bank’s May meeting showed that a "number" of policymakers were prepared to taper bonds purchases as soon as June.
Internet-related stocks were expected to be active, as Google after the Wall Street Journal reported that the company plans to partner with CNN and BuzzFeed Inc. to introduce a new online video channel.
The news sent Google shares up 0.99% in pre-market trade.
Financial stocks were also likely to be in focus, following a broad rally in European lenders. Bank of America saw shares surged 1.36% in early trading, while Citigroup rallied 1.94%.
Among insurance companies, AIG gained 1.10% in extended trading.
Elsewhere, News Corp. was up 0.03% pre-market after Rupert Murdoch's company said it will write down the value of the publishing business it plans to spin off next month.
The value of the unit will reportedly be reduced by USD1.2 billion to USD1.4 billion in the second quarter.
Across the Atlantic, European stock markets were sharply higher. The EURO STOXX 50 jumped 1.43%, France’s CAC 40 surged 1.52%, Germany's DAX rallied 1.10%, while Britain's FTSE 100 gained 1.66%.
During the Asian trading session, Hong Kong's Hang Seng Index jumped 1.05%, while Japan’s Nikkei 225 Index rallied 1.2%.
Later in the day, the U.S. was to release private sector data on house price inflation and a report on consumer confidence.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.60% gain, S&P 500 futures signaled a 0.65% increase, while the Nasdaq 100 futures indicated a 0.87% jump.
Investors still remained cautious amid expectations that the Federal Reserve is moving closer to scaling back its USD85 billion-a-month asset purchase program.
Last week, the minutes from the U.S. central bank’s May meeting showed that a "number" of policymakers were prepared to taper bonds purchases as soon as June.
Internet-related stocks were expected to be active, as Google after the Wall Street Journal reported that the company plans to partner with CNN and BuzzFeed Inc. to introduce a new online video channel.
The news sent Google shares up 0.99% in pre-market trade.
Financial stocks were also likely to be in focus, following a broad rally in European lenders. Bank of America saw shares surged 1.36% in early trading, while Citigroup rallied 1.94%.
Among insurance companies, AIG gained 1.10% in extended trading.
Elsewhere, News Corp. was up 0.03% pre-market after Rupert Murdoch's company said it will write down the value of the publishing business it plans to spin off next month.
The value of the unit will reportedly be reduced by USD1.2 billion to USD1.4 billion in the second quarter.
Across the Atlantic, European stock markets were sharply higher. The EURO STOXX 50 jumped 1.43%, France’s CAC 40 surged 1.52%, Germany's DAX rallied 1.10%, while Britain's FTSE 100 gained 1.66%.
During the Asian trading session, Hong Kong's Hang Seng Index jumped 1.05%, while Japan’s Nikkei 225 Index rallied 1.2%.
Later in the day, the U.S. was to release private sector data on house price inflation and a report on consumer confidence.