Markets
SPI

US Futures Surge as Traders Return from Holiday Weekend

US stock futures pointed north on Tuesday as investors returned from a long holiday weekend.

During the previous session on Friday, stocks hit record highs on the back of a stronger US economy and the recently enacted tax reform law.

Oil prices nudged lower with global benchmark Brent Crude down 1.07%, and US crude West Texas Intermediate was down 0.45% recently as analysts have warned of an increasing production in the US, which put pressure on efforts led by OPEC and Russia to tighten the market.

At 8:30 am, the Empire State Manufacturing Survey is expected to show the general business conditions index coming in at 18.6 in January as compared to December's 18.0, according to data compiled by Econoday.

In equities, shares of SPI Energy ( SPI ) were 144.1% higher pre-bell after the company said it has established a blockchain-based infrastructure application division.

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 MTNewswires.com. 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.

In This Story

SPI

Other Topics

Stocks

Latest Markets Videos