US pre-open: Stock futures rise ahead of jobs data
US stocks are expected to open higher on Tuesday as data showed an improvement in small business optimism and as investors awaited a report on jobs.
The Dow Jones Industrial Average futures rose 0.6% to 17,748 points, the S&P 500 gained 0.6% to 2,066.25 and the Nasdaq rose 0.6% to 4,360.50
At the same time oil prices wavered amid supply outages in Canada and Nigeria.
At 1242 BST West Texas Intermediate crude fell 0.23% to $43.34 per barrel while Brent increased 0.8% to $43.34 per barrel.
In economic data. small business confidence rebounded from a two-year low in April as optimism on the labour market grew, according to the National Federation of Independent Business. The small business optimism index rose 1.0 point to a reading of 93.6 last month, compared to forecasts for 93.1.
Still to come, the Labor Department’s Job Openings and Labor Turnover Survey at 1500 BST and US wholesale inventories figures at 1500 BST.
Company-wise, SolarCity Corp. slumped in pre-market trade after reporting a wider quarterly loss as expenses rose.
Hertz Global Holdings declined after reporting a bigger loss for the first three months of the year as car rental revenue fell.
Allergan, Norwegian Cruise Lines, Lumber Liquidators, Walt Disney and Fossil Group are among the companies due to report earnings.