U.S. futures edged higher, and oil prices logged modest gains today ahead of potentially market-moving developments, including a U.S.–China summit and key data releases, the Associated Press reports. The future for the Dow Jones Industrial Average was up 0.1%, while that for the S&P 500 edged 0.2% higher.
U.S. budget politics also are on the agenda. The House of Representatives is preparing to vote on a stopgap package to keep the U.S. government running into the new year and avert a federal shutdown. If approved, the Senate would act next, ahead of Friday’s deadline.
In other trading, benchmark U.S. crude oil added 14 cents to $78.40 per barrel in electronic trading on the New York Mercantile Exchange. It gained $1.09 on Monday. Brent crude, the international standard, added 14 cents to $82.66 per barrel.
In currency trading, the U.S. dollar slipped to 151.63 Japanese yen from 151.72 yen.
