Futures point to a mixed open on Wall Street; Snap earnings loom
- Marriott, Blue Buffalo, Match Group, Lattice Semiconductor, Snap and Zillow are expected to publish corporate earnings after the bell.
- Data and speeches by Federal Reserve members, including Chair Janet Yellen, are also expected to shake up sentiment
U.S. stock index futures pointed to a mixed open on Tuesday, as investors geared up for another big batch of earnings from major U.S. companies.
Dow Jones industrial average futures rose 20 points, while S&P 500 and Nasdaq 100 futures traded flat.
The second day of the trading week will continue to dole out a new batch of corporate earnings.
Marriott, Blue Buffalo, Match Group, Lattice Semiconductor, Snap and Zillow are expected to publish corporate earnings after the bell.
In the data space, JOLTS data are due at 10 a.m. ET and consumer credit at 3 p.m. ET.
Looking to the political sphere, President Donald Trump has been continuing with his excursions abroad in Asia this week.
On Tuesday, Trump called upon the world to take action against the threats that North Korea pose, stating that the U.S. was prepared to use the full range of its military force to defend itself and allies, Reuters reported.
The incumbent's trip abroad is expected to showcase the president and the U.S.' commitment to established alliances and partnerships within Asia.
In central bank news, Federal Reserve's Vice Chair for Supervision Randal Quarles is set to deliver remarks at The Clearing House's annual conference in New York.
Current Fed Chair Janet Yellen is expected to be at the presentation of the Paul H. Douglas Award for ethics in government, set to take place in Washington. Yellen's latest speech comes hot on the heels of the October jobs data, FOMC meeting and news that Jay Powell will become chair of the U.S. central bank next February.
Overseas, European stocks were mixed during morning trade, while markets in Asia finished mostly higher. In the previous session, U.S. stocks hit record highs on the back of news surrounding corporate deal-making.
Oil prices were under pressure Tuesday, following sharp gains seen in the previous session.