U.S. futures were flat on Tuesday, pausing after a strong rally on Monday in response to signs of a rebound in manufacturing in both China and the U.S.. Dow futures rose 10 points or 0.04% by 6:50 AM ET (10:50 GMT), while S&P 500 futures gained half a point or 0.03% and tech-heavy NASDAQ 100 futures was flat.
Crude oil futures rose 0.8% to a new 2019 high of $62.13 a barrel earlier, on signs of a further drop in output by key OPEC producers Saudi Arabia and Venezuela.
Boeing (NYSE:BA) was down 0.2% in premarket trading on news that a software update for its 737 Max 8 has been delayed by a few weeks. The airline's cash cow has been grounded worldwide following two deadly crashes involving the model. Reports indicate that a new software feature in the plane may have contributed to both crashes.
Amazon.com (NASDAQ:AMZN) inched up 0.1% on news that it is cutting prices at its Whole Foods stores, while competitors Walmart (NYSE:WMT), Target Corporation (NYSE:TGT) and Kroger (NYSE:KR) were unchanged. Elsewhere, Kraft Heinz (NASDAQ:KHC) gained 0.4%.
Tesla (NASDAQ:TSLA) slipped 1% as analysts expect the company to report a drop in first-quarter car sales, while Apple (NASDAQ:AAPL) fell 0.3% after cutting the price of its iPhones in China, passing on the effect of a tax cut.
On the economic front, durable goods come out at 8:30 AM ET (12:30 GMT).
Gold futures fell 0.2% to $1,291.50 a troy ounce. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.2% to 96.940.
