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 * Crude prices edged up as colder weather entered Europe and North
America, raising hopes of a short-term uptick in the tepid demand
that has plagued the commodity this year. [O/R]
* Global stocks rose, as did the price of gold, as the dollar
softened. U.S. stocks closed lower on Monday as a 3 percent drop in
oil prices led to a slide in energy stocks.
* Trading volumes are expected to remain thin this week as the year
winds down.
* The S&P 500 slipped back into negative turf for the year after
Monday's selloff, while the Dow Jones industrial average is about 2
percent lower. The Nasdaq Composite, however, is up 6.4 percent.
* Data scheduled for release on Tuesday includes the Conference
Board's reading of consumer confidence for December at 10:00 a.m. ET
(1500 GMT). The index is expected to rise to 93.8 after falling to
its lowest since September 2014 in November.
* Pep Boys shares were up 6.3 percent at $18.50 in premarket trading
after the auto parts retailer's board found Carl Icahn's latest
offer superior to the deal it accepted from Japan's Bridgestone.
* Dow component Nike was up 1.1 percent at $64.50. The stock surged
to record highs last week after reporting strong orders. The world's
largest sportswear maker is the best performer on the Dow this year,
gaining 32.7 percent.
[to top of second column] |
Futures snapshot at 6:52 a.m. ET:
* Dow e-minis were up 70 points, or 0.4 percent, with 11,732
contracts changing hands.
* S&P 500 e-minis were up 7.25 points, or 0.35 percent, with 57,783
contracts traded.
* Nasdaq 100 e-minis were up 19.75 points, or 0.43 percent, on
volume of 11,780 contracts.
(Reporting by Abhiram Nandakumar in Bengaluru; Editing by Don
Sebastian)
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