Stocks Rise to Kick off Shortened Trading Week

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U.S. stock futures rose early Tuesday to start out a shortened trading week, as investors kept an eye on Washington for developments on the global trade front.

Futures for the Dow Jones Industrials advanced 67 points, or 0.2%, to 44,702

Futures for the S&P 500 claimed 21.75 points or 0.4%, to 6,153.75.

Futures for the tech-heavy NASDAQ sprang up 91.75 points, or 0.4%, to 22,288.

Wall Street is coming off a winning week for the major averages. The Dow Jones Industrial Average gained roughly 0.6% last week, while the S&P 500 advanced 1.5%. The NASDAQ Composite rose 2.6%.

Much of last week’s advance came Thursday after President Donald Trump’s plan for reciprocal tariffs on countries with levies on U.S. goods soothed investors who worried they would be more stringent.

Stocks have been choppy to start the year but, even with ongoing concerns around trade and inflation, a look at the major averages show that they are not too far off their recent highs as investors scan for a catalyst for the next leg higher.

The 30-stock Dow and the NASDAQ are about 1% off their recent records, while the S&P 500 is just 0.2% off its own milestone.

Earnings season continues Tuesday. Occidental Petroleum and Arista Networks are among the companies set to report results.

In Japan, the Nikkei 225 backtracked 0.8% Tuesday, while in Hong Kong, the Hang Seng zoomed 1.6%.

Oil prices took on 52 cents to $71.26 U.S. a barrel.

Gold prices $26.50 to $2,927.20 U.S. an ounce.