International
Easing Crude Prices, Middle East Views Lift Wall Street Pre-Bell; Asia, Europe Up
Wall Street futures pointed moderately higher pre-bell Tuesday on easing global oil prices, and mixed reports of additional peace talks between Tehran and Washington, possibly starting on Wednesday.In the futures, the S&P 500 rose 0.4%, the Nasdaq inclined 0.4% and the Dow Jones was up 0.6%.West Texas Intermediate crude oil traded down 0.7% at $86.79, in pre-bell action.Investors also await the March retail sales report from Washington, scheduled for an 8:30 am ET release, and likely to be parsed for clues to American consumer spending patterns, given higher fuel bills.In political news, the Senate Banking Committee hearing of Kevin Warsh, for the Federal Reserve chair, starts at 10 am ET.Asian exchanges traded in the green overnight, while European bourses edged north midday on the continent.On the earnings scene, 3M (MMM) slipped 0.9% pre-bell after the diversified manufacturer reported Q1 adjusted earnings and sales above consensus, but offered tempered guidance, in morning hours.GE Aerospace (GE) traded up 3.1% pre-bell after the tech-manufacturer reported Q1 earnings and revenue above outlooks, and affirmed guidance, in pre-market release.D.R. Horton (DHI) traded up 2.1% pre-bell after the homebuilder reported fiscal Q2 earnings and revenue above expectations, and modestly lifted guidance, in morning release.UnitedHealth (UNH) shares gained 6.5% pre-bell after the healthcare giant reported Q1 earnings and revenue above consensus, and issued solid guidance, in morning hours.On the economic calendar, in addition to the retail sales report, is the business inventories bulletin for February, along with the pending homes sales index for March, at 10 am ET.Federal Reserve Governor Christopher Waller is slated to speak on Tuesday.In premarket action, Bitcoin traded at $76,579 and 10-year US Treasuries offered 4.25%. Spot gold commanded $4,783 an ounce.
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