U.S. stock-index futures advanced as investors prepared to get data on the country’s trade deficit and continued to sift through earnings reports for clues on the economy’s health.
Contracts on the S&P 500 Index expiring in March rose 0.3 percent to 2,292.50 at 11:12 a.m. in London, while those on the Dow Jones Industrial Average gained 60, or 0.3 percent, to 20,032. The S&P 500 fell 0.2 percent on Monday, in tandem with global equity markets, as energy stocks slumped with oil.
The U.S. Commerce Department is expected to say Tuesday that the trade deficit was little changed at $45 billion in December. The shortfall has been marked by weaker overseas sales of U.S.-produced goods and stronger domestic demand for imported products amid the dollar’s rally in the second half of 2016.
Almost 30 members of the S&P 500 report quarterly results today, including Walt Disney Co. and General Motors Co. With more than half of the gauge’s members having released earnings this season, about three-quarters beat profit estimates and about half beat sales estimates.
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