Futures Pointing To Initial Strength On Wall Street

(RTTNews) - Stocks may move to the upside in early trading on Tuesday after ending the previous session modestly lower. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 132 points.

The upward momentum on Wall Street comes as stocks appear poised to extend the rebound seen after coming under pressure in early trading on Monday.

Traders felt the initial weakness on Monday was overdone in light of typical seasonal strength in the final month of the year.

Many traders are likely to remain on the sidelines, however, with the upcoming New Year's Day holiday keeping trading activity relatively subdued.

Standard & Poor's is scheduled to release its report on home prices in major U.S. metropolitan areas in the month of October at 9 am ET.

The S&P/Case-Shiller 20-city composite home price index is expected to climb by 0.6 percent in October, matching the increase seen in the previous month.

Not long after the start of trading, the Conference Board is also scheduled to release its report on consumer confidence in the month of December.

The Conference Board's consumer confidence index is expected to rise to 93.5 in December after sliding to 90.4 in November.