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Stock index futures pointed to a higher open Tuesday for the holiday-shortened week.
S&P futures (SPX) +0.6%, Dow futures (INDU) +0.6% and Nasdaq 100 futures (NDX:IND) +0.5% were higher.
Friday’s rally helped with consolidation for the S&P between 3,800 and 3,900 and a avoided a drop that would have opened the door for a move down to 3,700, according to BTIG.
Rates were up slightly. The 10-year Treasury yield (US10Y) rose 4 basis points to 3.78% and the 2-year yield (US2Y) rose 2 basis points to 4.35%.
On the economic calendar, retail and wholesale inventories and the goods trade balance for November arrive before the bell. Shortly before the opening bell, the S&P Case-Shiller home price index for October is out. Economists expect a monthly drop of 1.1% to an annual rate of 8.2%.
Among active stocks, Southwest was lower following a spate of canceled flights due to the epic storm.
