Dow and S&P 500 futures were trading with a modest gain ahead of the cash open Tuesday, after setting record highs on Monday. Wall Street drew support from a two-year high in Brent crude oil futures and constructive gains across Europe.
Attention now shifts to the Federal Open Market Committee, which begins its final policy meeting for the year. The FOMC will announce its rate decision Wednesday at 2 pm ET.
Economic data for Tuesday includes the November producer price index, expected to increase by 0.3% for the nominal and 0.2% for the core, excluding food and energy, and the Treasury budget statement, forecasted to indicate a deficit of $134 billion for November.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
