US pre-open: Futures point to early gains following Labor Day break
Wall Street futures were in the green ahead of the bell on Tuesday after trading took a break for the Labor Day long weekend.
As of 1230 BST, Dow Jones futures were up 0.72%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.71% and 0.70% higher, respectively.
The Dow closed 337.98 points lower on Friday before wrapping up for the week and giving investors a three-day breather.
The holiday-shortened week's primary focus will be a number of speeches from central bank heads and an interest rate decision by the European Central Bank later in the week.
As far as Tuesday was concerned, US Treasury yields moved higher before the bell, drawing an amount of investor attention, with the yield on the benchmark 10-year note and its 2-year counterpart rising around seven basis points to 3.265% and 3.466%, respectively.
On the macro front, a final reading of S&P Global's August PMI will be published at 1445 BST, while the Institute for Supply Management's non-manufacturing PMI will follow at 1500 BST.
In the corporate space, CVS Healthcare announced overnight that it will acquire Signify Health as part of a deal valued at roughly $8.0bn, while Bed, Bath & Beyond shares tumbled in pre-market trading after traders digest news of store closures and layoffs.
No major earnings were slated for release on Tuesday.
Reporting by Iain Gilbert at Sharecast.com