U.S. stock futures traded higher in early pre-market trade on Tuesday after recording sharp gains in the previous session. The Dow Jones jumped by more than 750 points, while the Nasdaq Composite surged around 240 points on Monday. The Dow Jones recorded the best session since June 24, while it was the best day since July 27 for the S&P 500.
Data on factory orders for August will be released at 10:00 a.m. ET. Factory orders are expected to increase 0.2% in August compared to a 1.0% drop in July. The Labor Department’s JOLTS report for August will be released at 10:00 a.m. ET. Job openings are likely to decline to 11.150 million in August from 11.239 million in the previous month.
Federal Reserve Bank of New York President John Williams and Federal Reserve Bank of Dallas President Lorie Logan will speak at 9:00 a.m. ET. Federal Reserve Bank of Cleveland President Loretta Mester is set to speak at 9:15 a.m. ET, while Fed Governor Philip N. Jefferson will speak at 11:45 a.m. ET. San Francisco Fed President Mary Daly will speak at 1:00 p.m. ET.