* Futures up: Dow 24 pts, S&P 3.25 pts, Nasdaq 6.75 pts
By Tanya Agrawal
Nov 29 U.S. stock index futures were slightly
higher on Tuesday, a day after stocks posted their worst
performance in nearly a month, with investors awaiting a raft
of economic data including GDP numbers.
* Wall Street closed lower on Monday, dragged down by
financial and consumer discretionary sectors, as some investors
booked profits on the heels of a record-setting week.
* U.S. stocks have jumped since Donald Trump's victory in
the presidential election, with the S&P 500 up nearly 3 percent,
as investors expect his plans to boost infrastructure spending,
cut corporate taxes and reduce regulation to boost the economy.
* Economic data scheduled to be released on Tuesday includes
a report on the second estimate for gross domestic product that
will show the economy probably increased at 3.0 percent in the
third quarter after expanding at a 2.9 percent pace in the
second quarter. The data is expected at 8:30 a.m. ET (1330 GMT).
* An S&P CoreLogic Case-Shiller report is expected to show
its 20-city index rose 5.2 percent in September, while another
report at 10 a.m. ET is expected to show that consumer
confidence increased in November.
* New York Fed President William Dudley is scheduled to
speak at 8:15 a.m. ET in San Juan, Puerto Rico on economic
opportunities. Fed Governor Jerome Powell will speak on the
economic outlook in Indiana at 12:40 p.m. ET.
* Traders are pricing in an 89 percent chance for a rate
hike in December. The Fed next meets on Dec. 13-14.
* Oil prices fell around 2 percent on signs leading oil
exporters were struggling to agree a deal to cut production to
reduce global oversupply.
* Tiffany was up 2.4 percent at $80 after the
upscale jeweler reported its first rise in sales in eight
* Mallinckrodt rose 4.1 percent to $60.01 after the
drugmaker's quarterly results beat expectations.
Futures snapshot at 7:06 a.m. ET:
* Dow e-minis were up 24 points, or 0.13 percent,
with 16,653 contracts changing hands.
* S&P 500 e-minis were up 3.25 points, or 0.15
percent, with 83,926 contracts traded.
* Nasdaq 100 e-minis were up 6.75 points, or 0.14
percent, on volume of 11,075 contracts.
(Reporting by Tanya Agrawal)