US STOCKS-Futures higher as oil rebounds

martes 19 de abril de 2016 07:13 GYT

* Futures up: Dow 50 pts, S&P 9 pts, Nasdaq 31.25 pts

By Abhiram Nandakumar

April 19 (Reuters) - U.S. stock index futures were higher on Tuesday, tracking a rise in crude after a strike by oil workers in Kuwait affected production from the OPEC country.

* Brent rose 2 percent, shrugging off Sunday's failed talks among major producers to tackle a global oversupply.

* Wall Street rallied on Monday, with the Dow Jones industrial average closing above the 18,000 mark for the first time since July. The S&P 500 closed just 40 points below the record high it touched last May.

* A rebound in crude, some signs of a slow recovery in the U.S. economy and the Federal Reserve's caution over raising interest rates have helped stocks rally in the last two months.

* While U.S. corporate earnings are seen as a swing factor for the stock market, expectations are bleak.

* First-quarter earnings at S&P 500 companies are expected to fall 7.7 percent on average, and revenue by 1.3 percent, according to Thomson Reuters I/B/E/S.

* Data on Tuesday is expected to show U.S. housing slowed in March, after sharply rising the previous month. The report is due at 8:30 a.m. ET (1230 GMT).   Continuación...