Shutterstock photo(RTTNews.com) - The initial trend in the U.S. Futures suggest that the market is gearing up for a higher opening on Wall Street. Gallup's U.S. Economic Confidence Index and the Redbook data are the major economic announcements today. Asian shares closed mostly higher, while European shares are trading up.
As of 7 am ET, the Dow futures were progressing 28 points, the S&P 500 futures were adding 1.50 points and the Nasdaq 100 futures were climbing 5.25 points.
U.S. stocks closed higher on Monday. The Dow advanced 152.51 points or 0.7 percent to 22,557.60, the Nasdaq rose 20.76 points or 0.3 percent to 6,516.72, the S&P 500 climbed 9.76 points or 0.4 percent to 2,529.12.
Federal Reserve Governor Jerome Powell will speak on Regulatory Reform at Reuters Conversation on U.S. Financial Regulation in Washington, with audience Q&A at 8.30 am ET.
The Redbook data, a weekly measure of comparable store sales at chain stores, discounters, and department stores, for the week will be issued at 8.55 am ET. In the previous week, the store sales were up 4.0 percent.
In the corporate sector, the home-builder Lennar Corp. reported that its third-quarter net earnings attributable to the company increased to $249.17 million or $1.06 per share from last year's attributable net earnings of $235.84 million, or $1.01 per share. The latest results included WCI Communities, Inc. Total revenues increased to $3.26 billion from prior year's $2.83 billion.
Asian stocks finished mostly higher on Tuesday. Markets in South Korea and China remained closed for the Harvest Festival and National Day, respectively. Hong Kong's Hang Seng index closed 618.91 points or 2.25 percent higher at 28,173.21.
Japanese shares rallied to hit two-year highs. The Nikkei average climbed 213.29 points or 1.05 percent to finish at 20,614.07, the highest level since mid-August 2015. The broader Topix index closed 0.65 percent higher at 1,684.46.
Australian shares fell as oil retreated. The benchmark S&P/ASX 200 index dropped 27.90 points or 0.49 percent to 5,701.40 while the broader All Ordinaries index finished 27.10 points or 0.47 percent lower at 5,764.20.
European shares are trading higher on Tuesday. CAC 40 of France is up 11.96 points or 0.22 percent. DAX of Germany is climbing 73.79 points or 0.58 percent. FTSE 100 of England is progressing 10.26 points or 0.14 percent. Swiss Market Index is up 9.78 points or 0.11 percent.
Euro Stoxx 50, Europe's leading Blue-chip index for the Eurozone, is currently down 0.08 percent.
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