Stock Futures Trade Higher on Upbeat Retail Earnings

Stock prices increasing and decreasing in value
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Stocks were set to open higher Tuesday as upbeat retail Q4 earnings and higher oil prices sets the blue-chip index up for a seventh consecutive day higher.

Before the open, Macy's ( M ) along with Dow component stocks Walmart ( WMT ) and Home Depot ( HD ) reported better-than-expected quarterly results, offsetting a miss from Dillard's ( DDS ).

Oil futures are also giving a lift to stock futures as prospects for further production cuts from members of the Organization of the Petroleum Exporting Countries raised the price per barrel for brent crude oil futures by 1.50% to a seven-week high. Oil's domestic benchmark, West Texas Intermediate, is nearly 2% higher Tuesday.

Economic data includes the purchasing manager's manufacturing and services sector flash indices for February, both of which are expected to show gains from the final January indices.

Additionally, Fed officials giving speeches on Tuesday include Minneapolis Fed president Neel Kashkari, Philadelphia Fed president Patrick Harker (who on Friday put a March rate hike back in play), and San Francisco Fed president John Williams. Kashkari and Harker are both voting members this year, while Williams is an alternate.

-Dow Jones Industrial up 0.28%

-S&P 500 futures up 0.20%

-Nasdaq 100 futures up 0.18%


Nikkei up 0.68%

Hang Seng down 0.76%

Shanghai Composite up 0.41%

FTSE-100 down 0.25%

DAX-30 up 0.56%


(+/-) Large cap tech: Higher

(+/-) Chip stocks: Higher

(+/-) Software stocks: Higher

(+/-) Hardware stocks: Higher

(+/-) Internet stocks: Higher

(+/-) Oil stocks: Higher

(+/-) Biotech stocks: Higher

(+/-) Drug stocks: Lower

(+/-) Financial stocks: Higher

(+/-) Retail stocks: Higher

(+/-) Industrial stocks: Higher

(+/-) Airlines: Higher

(+/-) Autos: Higher


(+) EYEG (+38.55%) Agreed to exclusive marketing agreement with Valeant ( VRX ) for Eye Gate II Delivery System and EGP-437

(+) DGAS (+20.76%) Agrees to be acquired Peoples Gas for $30.50 per share

(+) PLKI (+15.97%) To be acquired by Restaurant Brands International (QSR)

(+) TROX (+15.55%) Announced acquisition of Cristal's TiO2 business for $1.673 billion in cash, reported lighter-than-expected Q4 loss


(-) CDTX (-33.62%) Topical formulation of CD101 failed to demonstrate a sufficient treatment effect in phase 2 clinical trial

(-) FCX (-4.58%) Failed to reach agreement with Indonesia to resume copper concentrate exports

(-) DDS (-4.44%) Q4 comparable sales down 5.4%, misses on revenue and earnings expectations

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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