(Reuters) - U.S. stocks are expected to trade higher on Tuesday as the futures for the Dow Jones industrial average, S&P 500 and Nasdaq Composite were up 0.2 to 0.3 percent at 4.18 a.m. ET.
Samsung Electronics <005930.KS> forecast its third-quarter consolidated earnings to be at a median 4.1 trillion won ($3.5 billion), higher than market estimates and up sharply from 2.42 trillion won in the second quarter.
Global semiconductor revenue could grow about 10 percent next year after two years of declines, as new computers and feature-jammed smartphones help boost chip demand, according to research firm Gartner.
The dollar jumped across the board on Tuesday, trimming losses after Saudi and Russian authorities denied a media report saying Gulf Arab states were considering using currencies other than the dollar to trade oil.
New York Federal Reserve President William Dudley said on Monday that a tepid economic recovery should allow the Fed to keep interest rates at rock-bottom lows for a prolonged period.
The Fed must pre-emptively state it will not buy more Treasury bills in order to implement a cohesive exit strategy from the massive monetary bailouts it has provided, economic consultant Ian Bremmer and Nouriel Roubini wrote in an opinion column on the Wall Street Journal's website.
Fertiliser maker Mosaic posted a 91 percent drop in fiscal first-quarter profit, but expressed optimism that farmers would increase fertiliser purchases in the near future.
Verizon Communications Inc said it was reorganizing its landline telecom business into one group, as consumers continue to disconnect home phones in favor of cellphones or rivals.
The Walt Disney Co and Universal studios unveiled changes at the top on Monday, as Hollywood's worst-performing major houses try to turn things around in a potentially record year at the box office.
