Stock Futures Inch Higher as Dow Gains for Seventh Session

New York (Nov 15)  Stock futures inched higher again on Tuesday as the Dow Jones Industrial Average looked to extend gains for its seventh session in a row.

S&P 500 futures were up 0.14%, Dow futures added 0.06%, and Nasdaq futures gained 0.14%.

The Dow closed at new records on Thursday, Friday and Monday in reaction to Donald Trump's presidential win. Financials and pharmaceutical companies, in particular, got a boost from the unexpected victory on hopes of decreased regulation. Market gains are also common at the tail-end of election years as uncertainty eases and investors shift back to market fundamentals.
It's a busier day on the economic calendar with retail sales and import and export prices for October, and the Empire State Manufacturing Survey for November out before the bell. Business inventories for September will be out mid-morning.

Home Depot (HD)  rose more than 1% in premarket trading after lifting its full-year earnings estimates after strong sales growth in its third quarter. The home-improvement retailer anticipates full-year earnings of $6.33 a share, higher than a previous target of $6.31. Sales are expected to rise by 6.3%. Home Depot has benefited in recent quarters from strong demand and constrained supply in the housing market. 

Vodafone (VOD) was slightly lower after taking a 5 billion euro ($5.38 billion) write-down on its India business. The write-down was tied to increasing competition in the region. Vodafone reported a loss of 5 billion euros over the six months ended Sept.  30, wider than a loss of 2.3 billion euros in the year-ago period. The telecom still expects to meet its full-year goals thanks to a solid performance in Europe.

Source: TheStreet