By Ellis Mnyandu 1 hour, 14 minutes ago NEW YORK (Reuters) - Stock index futures rose on Monday as oil prices cut earlier gains and an easing of geopolitical concerns surrounding Pakistan's leadership underpinned sentiment.U.S. front-month crude backed off from an earlier $115.35 a barrel as supply fears related to Tropical Storm Fay ebbed. The storm was set to miss of the major offshore oil and gas production in the Gulf of Mexico. As of 5 a.m. the storm was located over central Cuba moving north-northwest.
Stronger-than-expected profit from Lowe's Cos Inc (LOW.N) , the No. 2 U.S. home improvement chain, also added to the positive tone. Lowe's reported a lower second-quarter profit as consumers took on fewer big-ticket remodeling during the housing slump, but the company still beat analysts' estimates on profit and sales.
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