US stocks were set for a solid open Tuesday amid a fresh wave of corporate earnings and a big lineup of Federal Reserve speakers.
Oil prices slipped with global benchmark Brent crude down 0.50%, and US West Texas Intermediate crude down 0.56% recently as traders looked ahead to fresh data on US commercial crude inventories to get clues on the strength of demand in the world's largest oil consumer.
Data released at 8:30 am showed a stronger-than-expected gain in housing starts in March to 1.319 million from February's revised reading of 1.295 million and estimates for 1.264 million, according to data compiled by Econoday.
At 9:15, forecasters see industrial production rising 0.4% in March, with the manufacturing component seen rising 0.2%.
Federal Reserve presidents John Williams, Patrick Harker and Charles Evans and Vice-Chairman Randal Quarles were scheduled to speak.
In equities, shares of ChinaNet Online ( CNET ) rose 40% pre-bell as the company reported sharply higher Q4 revenue.
U.S. PRE-MARKET INDICATOR
-Dow Jones Industrial up 0.84%
-S&P 500 futures up 0.61%
-Nasdaq 100 futures up 0.67%
-Nasdaq 100 pre-market indicator up 0.75%
Nikkei up 0.06%
Hang Seng down 0.83%
Shanghai Composite down 1.41%
FTSE-100 up 0.25%
DAX-30 up 1.06%
PRE-MARKET SECTOR WATCH
(+) Large cap tech: unchanged to higher
(+) Chip stocks: unchanged to higher
(+) Software stocks: higher
(+) Hardware stocks: unchanged to higher
(+) Internet stocks: higher
(+) Oil stocks: higher
(+) Biotech stocks: unchanged to higher
(+) Drug stocks: unchanged to higher
(+) Financial stocks: higher
(+/-) Retail stocks: mixed
(+) Industrial stocks: unchanged to higher
(-) Airlines: higher
(+/-) Autos: mixed
(+) NFLX (+7.3%) Q1 results top estimates
(+) MNGA (+5.3%) Generates record sales for March
(+) ROKU (+8.1%) Launches ESPN+ on platform
(-) NLST (-31.8%) Gets US ITC to probe SKY hynix in patent infringement
(-) BLCM (-7.9%) Starts sale of 7 million shares