5 Things You Should Know Before the Stock Market Opens
NEW YORK (TheStreet) -- U.S. stock futures were rising Tuesday, setting up Wall Street to erase Monday's losses that were triggered by disappointing news on U.S. jobs creation.
European markets, re-opening after a four-day break, were falling on Friday's news that the U.S. economy added 120,000 jobs in March, much lower than forecasts. Most Asian stocks closed lower; Japan's Nikkei 225 index slipped 0.1% to 9,538.02.
The economic calendar in the U.S. is light Tuesday with wholesale inventories for February due at 10 a.m. EDT.
China posted a trade surplus in March but growth in exports and imports was weaker than expected.
Exports rose 8.9% from a year earlier to $165.6 billion, while imports jumped 5.3% to $160.3 billion. The growth was below China's double-digit levels in recent years as Chinese demand has slowed because of tighter lending and investment controls.
Alcoa(AA) Kicks off earnings season Tuesday, and analysts expect the aluminum maker to post a first-quarter loss of 4 cents a share on revenue of $5.77 billion.