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* Futures: Dow dips 0.02%, S&P up 0.28%, Nasdaq up 1.00%
By Medha Singh
Sept 1 (Reuters) - U.S. stock index futures rose on Tuesday,
as Apple share climbed and upbeat manufacturing sector surveys
in China and Europe set the tone for United States factory
activity data, due later in the day.
Apple Inc AAPL.O rose 2.7% premarket, rising for the
second day after its stock split took effect, as a report said
the iPhone maker has asked suppliers to make at least 75 million
5G iPhones for later this year. China's factory activity expanded at the fastest clip in
nearly a decade in August and eurozone output also stayed strong
last month, buoying global stocks. MKTS/GLOB
ISM survey data at 10 a.m. ET (1400 GMT) is likely to show
U.S. manufacturing activity expanded slightly last month after
hitting a 1-1/2 year high in July. Investors will keep a close watch on the monthly U.S. jobs
report due on Friday amid signs the labor market's recovery is
stalling.
Wall Street's main indexes recorded their fifth straight
monthly gain on Monday following massive central bank support,
U.S. government aid and demand for tech-focused stocks, even as
the S&P 500 and Dow finished the session lower in month-end
trading.
The Nasdaq and S&P 500 have set consecutive new all-time
highs recently, but the blue-chip Dow is still about 4% below
its February high.
Aiding sentiment, Treasury Secretary Steven Mnuchin said
late on Monday the Trump administration and Senate Republicans
have been in regular contact over coronavirus relief measures
and a new bill will "hopefully" be unveiled next week.
At 6:12 a.m. ET, Dow e-minis 1YMcv1 were down 5 points, or
0.02%. S&P 500 e-minis EScv1 were up 9.75 points, or 0.28% and
Nasdaq 100 e-minis NQcv1 were up 120.75 points, or 1.00%.
Among stocks, Zoom Video Communications Inc ZM.O surged
26.4% premarket after the video-conferencing platform raised its
annual revenue forecast by more than 30% as it converted more of
its huge free user base to paid subscriptions.