U.S. stock futures rose Tuesday as investors appeared poised to extend a rally that sent the Dow Jones industrial average back above 14,000 and to a record close.
The market, eager for more evidence to support the case for further interest rate cuts, will examine reports on September sales from the world's top automakers. The calendar for economic data is otherwise expected to be light.
A report of weaker than anticipated manufacturing activity last month bolstered the case for an interest rate cut and was a partial contributor to Monday's advance, in which the Dow gained nearly 192 points to close at 14,087.55, a new high. The blue chips returned to the 14,000 level for the first time since mid-July, before the credit market crisis began pummeling stock prices.