* Wal-Mart, Home Depot, Macy's rise after results
* Dollar up on rate hike comments from Fed officials
* Popeyes up after Restaurant Brands agrees to buy company
* Futures up: Dow 61 pts, S&P 4.5 pts, Nasdaq 9 pts
(Adds details, comment, updates prices)
By Yashaswini Swamynathan
Feb 21 U.S. stocks looked set to open near
record-highs on Tuesday as oil prices rose and investors cheered
better-than-expected profits at top U.S. retailers.
Shares of Wal-Mart and Home Depot are likely
to be the top influencers on the Dow after the companies
reported results. Wal-Mart was up 3.4 percent in premarket
trading, while Home Depot rose 1.9 percent.
Department store bellwether Macy's also reported a
better-than-expected profit, sending its shares up 3.2 percent.
Investor sentiment was boosted by a more than 1.5 percent
rise in oil prices, after OPEC said the group was hopeful of
higher compliance with its deal to cut production.
Strong earnings, robust economic data and the possibility of
fiscal stimulus under President Donald Trump has lifted Wall
Street's main indexes to record highs in the past months.
The dollar rose 0.58 percent after Cleveland Fed President
Loretta Mester said on Sunday that she would be comfortable
raising rates if the U.S. economy kept performing. Gold prices
fell 0.74 percent.
Investors will keep an eye on comments from three Federal
Reserve officials on Tuesday for insight into the timing of the
next interest rate hike.
The Dow Jones Industrial Average marked its
seventh-straight record close on Friday. The S&P 500 and
the Nasdaq Composite also closed at record levels.
"The strong technical aspect along with rising oil prices
and macro news will likely support another record closing
session for the indices," Peter Cardillo, chief market economist
at First Standard Financial wrote in a note.
Wall Street was closed on Monday for the Presidents Day
Dow e-minis were up 61 points, or 0.3 percent at
8:29 a.m. ET (1329 GMT), with 50,458 contracts changing hands.
S&P 500 e-minis were up 4.5 points, or 0.19 percent,
with 237,087 contracts traded.
Nasdaq 100 e-minis were up 9 points, or 0.17 percent,
on volume of 48,520 contracts.
Popeyes Louisiana Kitchen jumped 16.42 percent to
$76.98 after Restaurant Brands agreed to acquire the
quick-service restaurant chain for $1.8 billion.
Kraft Heinz shares fell 4.9 percent after it walked
away from its $143 billion offer to buy Unilever, a day
after the Anglo-Dutch company rejected the proposal. Unilever's
U.S.-listed shares were down 8.4 percent.
Freeport was down 5 percent at $14.16 after the
miner warned on Monday it could take the Indonesian government
to arbitration and seek damages over a dispute that has halted
operations at a copper mine.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by