U.S. stock futures traded higher in early pre-market trade. Data on motor vehicle sales for June will be released today. Data on factory orders for May will be released at 10:00 a.m. ET.
Futures for the Dow Jones Industrial Average climbed 113 points to 24,399.00, while the Standard & Poor’s 500 index futures traded rose 11 points to 2,738.25. Futures for the Nasdaq 100 index surged 37.50 points to 7,154.50.
Oil prices traded higher as Brent crude futures rose 1.09 percent to trade at $78.14 per barrel, while US WTI crude futures rose 1.3 percent to trade at $74.90 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 1.18 percent, STOXX Europe 600 Index climbing 0.97 percent and German DAX 30 index gaining 1.38 percent. The UK’s FTSE index was trading higher by 0.60 percent, while French CAC 40 Index gained 0.98 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 0.12 percent, Hong Kong’s Hang Seng Index dropped 1.41 percent, China’s Shanghai Composite Index rose 0.41 percent and India’s BSE Sensex rose 0.32 percent.
Analysts at Deutsche Bank downgraded PepsiCo, Inc. PEP from Buy to Hold.
PepsiCo shares fell 0.41 percent to $109.08 in pre-market trading.
- AZZ Inc.AZZ reported stronger-than-expected results for its first quarter on Tuesday.
- Herman Miller, Inc. MLHRreported stronger-than-expected results for its fourth quarter and raised its quarterly dividend from $0.18 per share to $0.1975 per share.
- Bruker Corporation BRKRannounced the acquisition of Lactotronic.
- Acxiom Corporation ACXMagreed to sell its marketing solutions division for $2.3 billion in cash to Interpublic Group of Companies Inc IPG.