Investing.com - U.S. futures rose on Tuesday after Washington extended an exception for U.S. companies that do business with black-listed Chinese firm Huawei, while retail earnings were on tap.
The Commerce Department issued a new 90-day extension to allow American enterprises to engage with Huawei. The tech firm was blacklisted in May as part of the broader trade war and concerns that the company is too closely affiliated with the Chinese government.
A flurry of retail earnings are expected, with Home Depot (NYSE:HD) falling 5% after the company trimmed its sales outlook due to its third-quarter revenue missing expectations. Other retailers reporting include TJX (NYSE:TJX), Urban Outfitters (NASDAQ:URBN) and Kohls (NYSE:KSS).
Stocks sensitive to trade were higher, with Qualcomm (NASDAQ:QCOM), Advanced Micro Devices (NASDAQ:AMD) and Apple (NASDAQ:AAPL) all gaining 0.5%. TripAdvisor (NASDAQ:TRIP) extended gains, up 1.2% on an analyst upgrade during the prior session.
Tesla (NASDAQ:TSLA) inched up 0.2% on reports that it's expanding its battery project with South Australia’s Neoen by 50% to 150 megawatts, making it the biggest battery project on record.
On the data front, housing starts is expected at 8:30 AM ET.
In commodities, gold futures fell 0.3% to $1,467.05 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, inched up 0.1% to 97.725. Crude oil futures slumped 1% to $56.55 a barrel.Original Article