|
 * Crude rose above $40 per barrel on hopes that a meeting of major
producers on Sunday would result in a deal to curb a persistent
global oversupply. [O/R]
* Data from China showing an 8.8 percent rise in March vehicle sales
also supported the rise in oil.
* Shares of Alcoa were down 4.2 percent at $9.33 in premarket
trading.
* Investors will turn their attention to corporate earnings over the
next several weeks, amid turbulent global markets and the
uncertainty about the U.S. Federal Reserve's plan to raise interest
rates.
* Wall Street closed lower on Monday with consumer staples
offsetting a rise in bank and materials stocks.
* Data on Tuesday is likely to show U.S. import prices rose 1
percent in March after falling 0.3 percent the previous month. The
report is due at 8:30 a.m. ET.
* Starbucks fell 1.4 percent to $60.02 after Deutsche Bank
downgraded the stock to "hold" from "buy."
* Juniper Networks sank 8 percent to $22.90 after the company
estimated quarterly profit and revenue below analysts' expectations.
* Abbvie rose 1.9 percent to $59.60 after the U.S. Food and
Drug Administration granted accelerated approval for the company's
blood cancer drug.
[to top of second column] |
Futures snapshot at 7:03 a.m. ET:
* Dow e-minis were up 50 points, or 0.29 percent, with 21,516
contracts changing hands.
* S&P 500 e-minis were up 8 points, or 0.39 percent, with
171,578 contracts traded.
* Nasdaq 100 e-minis were up 19 points, or 0.43 percent, on volume
of 24,552 contracts.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Anil
D'Silva)
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