US equity futures exhibited a cautious uptick pre-bell Tuesday amid heightened anticipation for the pivotal presidential election results. The Dow Jones Industrial Average futures rose by 0.1%, while S&P 500 futures gained 0.2%, and Nasdaq futures saw an increase of 0.3%. It's a significant election day in the US, with investors keenly awaiting the outcome of the high-stakes competition between former president Donald Trump and current Vice President Kamala Harris.
Concurrently, oil prices experienced an upward trend, with the front-month global benchmark North Sea Brent crude advancing by 0.5% to $75.47 per barrel, and US West Texas Intermediate crude rising by 0.6% to $71.89 per barrel. Later in the day, US trade data, set to be released at 8:30 am ET, is anticipated to reveal a trade deficit of $83.8 billion for September, an increase from $70.4 billion in the previous month, per estimates compiled by Bloomberg.
Additionally, the Institute for Supply Management's Non-Manufacturing Purchasing Managers' Index, scheduled for announcement at 10 am ET, is expected to register at 53.8 in October, a slight decline from 54.9 in the prior month..