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US STOCKS-Futures gain on deal to avert government shutdown, trade hopes

A list of stock prices rising and declining in value Credit: Shutterstock photo

(For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window.)

* Caterpillar, Boeing rise on trade talk optimism

* Gilead falls after drug fails late-stage study

* Futures up: Dow 0.85 pct, S&P 0.73 pct, Nasdaq 0.88 pct

By Amy Caren Daniel

Feb 12 (Reuters) - U.S. stock index futures rose on Tuesday,as sentiment was lifted after lawmakers reached a tentative dealto avert another partial government shutdown and the UnitedStates and China expressed optimism about their ongoing tradetalks.

However, it was unclear if President Donald Trump wouldembrace the agreement as congressional aides said it did notcontain the $5.7 billion he wants for a border wall.

The U.S.-China trade talks resumed on Monday as both sidesattempt to strike a deal before the March 1 deadline, whenadditional U.S. tariffs on Chinese imports will come into force.

U.S. Trade Representative Robert Lighthizer arrived inBeijing on Tuesday ahead of high-level talks scheduled laterthis week.

Trade-sensitive industrial bellwethers rose in premarkettrading. Boeing IncBA.N and Caterpillar IncCAT.N were bothup about 1 percent each, while chipmakers, which get a hugechunk of their revenue from China, also gained.

Advanced Micro Devices IncAMD.O , Micron Technology IncMU.O and Nvidia CorpNVDA.O rose between 1 percent and 1.8percent.

At 6:48 a.m. ET, Dow e-minis 1YMc1 were up 212 points, or0.85 percent. S&P 500 e-minis ESc1 were up 19.75 points, or0.73 percent and Nasdaq 100 e-minis NQc1 were up 61 points, or0.88 percent.

With two-thirds of S&P 500 companies reporting, thefourth-quarter earnings season has entered the home stretch. Sofar, 71.2 percent have posted better-than-expected profits.

But first-quarter profit growth expectations have dipped.Analysts now see quarterly earnings dropping 0.2 percent fromlast year, which would mark the first contraction since thesecond quarter of 2016.

Gilead Sciences IncGILD.O fell 3.8 percent after alate-stage study of a key experimental drug to treat aprogressive fatty liver disease failed to meet its main goal.

Under Armour IncUAA.N rose 1.4 percent after thesportswear maker reported quarterly profit that beat Wall Streetestimates as it sold more sneakers at full price during theholiday season.

Electronic Arts IncEA.O jumped 5.8 percent after thevideogame maker said its newly launched battle royal game "ApexLegends" crossed more than 25 million players.

Economic data on tap includes the JOLTS job openings numbersfor December due at 10 a.m. ET. The numbers are forecast to haverisen to 6.900 million from 6.888 million in November. (Reporting by Amy Caren Daniel and Shreyashi Sanyal inBengaluru; Editing by Sriraj Kalluvila) ((Amy.CarenDaniel@thomsonreuters.com ; within U.S.+1-646-223-8780; outside U.S. +91 80 6749 9250 ; ReutersMessaging: Amy.CarenDaniel.thomsonreuters.com@reuters.net;))


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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