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Futures higher ahead of housing, confidence data

Futures higher ahead of housing, confidence data

Stocks are looking to extend their gains into a seventh straight day as investors anticipate positive readings on home prices and consumer confidence.
Overseas markets are also higher. Other markets, including bonds and commodities, are little changed.
U.S. stock futures edged higher Tuesday ahead of the Standard & Poor's/Case-Shiller October index of home prices and the Conference Board's release of its Consumer Confidence Index for December.
Trading has been quiet in recent days, as many investors take vacation between the Christmas and New Year's holidays. But even in light volume, the market continues to plod higher, adding to the big gains logged over the previous 10 months, amid improving economic data. The Standard & Poor's 500 index has risen 2.3 percent in the past six days to a new high for the year.
Ahead of the market's open, Dow Jones industrial average futures rose 33, or 0.3 percent, to 10,520. Standard & Poor's 500 index futures rose 4.50, or 0.4 percent, to 1,126.60, while Nasdaq 100 index futures rose 3.50, or 0.2 percent, to 1,878.
The dollar slipped against other major currencies. Oil prices fell 22 cents to $78.55 a barrel in electronic premarket trading on the New York Mercantile Exchange. Gold prices gave up $1 to $1,106 an ounce.
Overseas, Japan's Nikkei stock average inched up 0.04 percent and Hong Kong's Hang Seng index gained 0.1 percent. In late morning trading in Europe, Britain's FTSE 100 was up 0.6 percent, Germany's DAX index added 0.1 percent, and France's CAC-40 rose 0.3 percent.


Updated : 2021-08-05 19:45 GMT+08:00