Stock futures moved higher on Tuesday in the start to a new month after a fairly choppy November.
S&P 500 futures were up 0.3%, Dow Jones Industrial Average futures added 0.3%, and Nasdaq futures climbed 0.4%. The S&P 500 and Dow ended November with minimal monthly gains.
It will be a make-or-break kind of month with major events set to stir Wall Street. The U.S. jobs report for November will be released Friday, a key release that could influence how the Federal Reserve moves at its mid-December meeting. The Fed is largely expected to move off of crises-level rates at its meeting, hiking rates for the first time in nearly a decade.
The Shanghai Composite ended the day slightly higher as the latest data underscored China's shift to a consumer-based economy from one based on manufacturing. Services PMI climbed to 53.6 in November from 53.1 a month earlier, while manufacturing activity bottomed out at a three-year low of 49.6.
Eurozone unemployment slipped to its lowest level for nearly four years in October. Joblessness in the eurozone fell to 10.7% in October from 10.8% a month earlier, reaching its lowest level since January 2012.
Infoblox (BLOX) jumped in premarket trading after a better-than-expected quarter. The network software developer earned 13 cents a share in its first quarter, more than double analysts' estimates, while guiding for second-quarter earnings between 12 cents and 14 cents a share. Analysts had expected current-quarter profit of 7 cents a share. The company also authorized a $100 million share buyback program.
Mattress Firm (MFRM) was up more than 6% after agreeing to buy privately-held HMK Mattress, the owner of Sleepy's, for $780 million. The company said it expects to generate annual synergies of $40 million by the third year after the acquisition closes. The deal is expected to be finalized in the first half of 2016.
BHP Billiton (BHP) and Vale (VALE - Get Report) moved higher after Brazil officially filed a $5.2 billion lawsuit against the miners for their involvement in a dam collapse in its southeast. Brazilian President Dilma Rousseff blamed the "irresponsible action of a company" and vowed for it to be "severely punished" in a speech at Paris' climate change summit. BHP Billiton had closed Monday lower on reports a lawsuit was looming.