US Stock Market Poised for Positive Open Amid Tech Stocks Rally
The US stock market is poised for a positive opening on Tuesday, August 11, as equity futures indicate a higher open. The Dow Jones Industrial Average futures are trading 0.04% higher at 54,087 points, while the S&P 500 index futures are up 0.14% at 7,787.50 points.
The tech-heavy Nasdaq 100 index futures are leading the charge with a 0.30% gain to 29,825.75 points. The recent pullback in crude oil prices and positive cues from Asian markets have contributed to the upbeat sentiment.
Investors will be watching Super Micro Computer's earnings report, which is expected to be released during the post-market hours on Wednesday, August 11. Tech stocks such as Intel, Nvidia, and AMD are also set for a busy day with their own earnings reports due out today.