* Futures up: Dow 29 pts, S&P 4 pts, Nasdaq 5.75 pts
By Tanya Agrawal
Dec 20 U.S. stock index futures were slightly
higher on Tuesday in light trading as investors appeared to have
shrugged off Monday's geopolitical incidents but stayed away
from making big bets before the holiday season.
* Wall Street extended a recent rally on Monday but finished
the session short of earlier highs as risk aversion set in
following deadly attacks in Germany and the killing of Russian
ambassador to Turkey in Ankara.
* "2016 is ending with tragic incidents in Turkey and
Germany, but investors have become so fast in digesting bad
news, and this explains the resilience in financial markets,"
said Hussein Sayed, chief market strategist at FXTM.
* U.S. stocks have been on a tear since the Nov. 8
presidential election, with the S&P rising nearly 6 percent on
bets that President-elect Donald Trump's plans for deregulation
and infrastructure spending will boost the economy.
* The Dow Jones industrial average is less than 1 percent
away from 20,000, a level it has never breached.
* Still, there are concerns that the rally may have gone too
far too soon as uncertainty around Trump's policies remain.
* Oil prices edged higher on forecasts of a steep draw in
U.S. crude oil stocks that could indicate a global oversupply is
starting to shrink.
* The dollar index bounced back towards 14-year
highs, a day after Federal Reserve Chair Janet Yellen said the
U.S. labor market had improved to its strongest in almost a
decade, suggesting wage growth is picking up.
* Biogen shares fell 0.5 percent to $277.31 in
premarket trading, a day after the U.S. drug maker said it had
appointed its chief commercial officer as chief executive
officer, ending a five-month search.
* General Mills fell 4.8 percent to $60.00 after the
Cheerios cereal-maker's quarterly profit missed expectations.
* Nvidia was up 1.9 percent at $103.60 after
brokerages Goldman Sachs and Mizuho raised their price targets
on the chipmaker's stock.
* Advanced Micro Devices was up 2.3 percent at
$11.20 after Mizuho raised upgraded the stock to "buy".
Futures snapshot at 6:57 a.m. ET:
* Dow e-minis were up 29 points, or 0.15 percent,
with 12,189 contracts changing hands.
* S&P 500 e-minis were up 4 points, or 0.18 percent,
with 49,098 contracts traded.
* Nasdaq 100 e-minis were up 5.75 points, or 0.12
percent, on volume of 9,593 contracts.
(Reporting by Tanya Agrawal in Bengaluru; Editing by Anil