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U.S. Stock Futures Trade Flat in Evening Deals

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U.S. stock futures remain rangebound in evening deals.

Description: A chart of S&P 500 Futures (ES) with Fibonacci Retracement levels.

U.S. stock futures traded in a tight range during Tuesday's evening deals, after major benchmark averages finished Tuesday's session lower.

The Dow Jones Industrial Average closed 0.60% lower, the S&P 500 index fell 0.58%, while the Nasdaq Composite index ended the day 0.45% in the red.

Futures on the Dow Jones Industrial Average were up 0.05%, while futures on the S&P 500 were down 0.08%. Futures on the Nasdaq 100 were trading 0.06% lower.

U.S. stock futures were supported by positive news on the economic front, with the Institute for Supply Management's manufacturing index climbing to 57.3 in January, up from 54.1 in December, indicating that manufacturing activity continued to expand at a brisk pace in the beginning of the year.

Meanwhile, the Commerce Department reported that construction spending rose 0.6% in December, beating expectations of a 0.2% increase.

In corporate news, shares of Apple Inc. (NASDAQ:AAPL) were trading 0.59% lower in pre-market deals after the technology giant said it will launch a subscription-based news service in the spring.

Shares of American Eagle Outfitters Inc. (NYSE:AEO) were up 1.37% after the apparel retailer reported better-than-expected fourth quarter earnings and sales.

On the energy front, U.S. crude oil futures were down 0.38% to $53.89 while Brent crude futures were trading 0.39% lower at $62.53.

In the currency markets, the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.22% to 97.97.

The euro was trading 0.31% higher against the dollar at 1.1406, while the pound was trading 0.44% higher at 1.3201. The dollar was steady against the yen, with USD/JPY unchanged at 109.67.

u.s. stock futuresevening dealsrangeboundNASDAQ:AAPLNYSE:AEO

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