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US Futures Flat Amid Raft of Earnings, Trump-Automakers Meeting Eyed

Stock performance with laptop and calculator

U.S. stock futures were practically unchanged on Tuesday amid a raft of earnings reports, with traders also keeping an eye on a meeting between President Donald Trump and the big three automakers.

Oil prices made some small gains on Tuesday with global benchmark Brent Crude up 0.09% recently, and U.S. benchmark West Texas Intermediate up 0.15% as traders hesitated from making decisive bets, balancing reports of lower OPEC production with more drilling activity in the United States.

At 10:00 a.m., data are expected to show existing home sales falling 1.1% to 5.55 million rate in December, according to data compiled by Econoday.

In equities, shares of Alibaba Group ( BABA ) were 3.9% higher pre-bell after the Chinese e-commerce firm reported Q4 results that topped Street estimates.

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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.

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