Easing Tension in Korea Pushes U.S. Futures Up

U.S. stock futures are higher Tuesday morning as tensions eased in the Korean Peninsula. Futures for the Dow Jones Industrial Average gained 32 points to 11,436.00, while those for the S&P 500 index moved up 3.90 points to 1,245.10. Futures for the Nasdaq 100 index gained 5 points to 2,225.25. U.S. stocks closed mixed yesterday, with the Dow dropping 13.78 points, the S&P 500 index gaining 3.17 points and the Nasdaq Composite index rising 6.59 points. No major economic data are due for release today. Nike NKE is expected to report its earnings at 88 cents per share on revenue of $4.81 billion in the second quarter. Red Hat Inc RHT is all set to report its quarterly results after the closing bell. Continue reading the article.