US Stocks Open Higher Amid Upbeat Earnings News
By Investors Hub
The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks likely to extend the upward move seen in recent sessions.
The upward momentum on Wall Street comes as upbeat earnings news has offset concerns about the ongoing trade dispute between the U.S. and China.
Stocks fluctuated over the course of the trading session on Monday before ending the day mostly higher. With the upward move, the major averages added to the gains posted last Friday.
The major averages all ended the day in positive territory. The Dow rose 39.60 points or 0.2 percent to 25,502.18, the Nasdaq advanced 47.66 points or 0.6 percent to 7,859.68 and the S&P 500 climbed 10.05 points or 0.4 percent to 2,850.40.
The choppy trading on Wall Street came as traders seemed reluctant to make any significant moves amid a lack of major U.S. economic news following the slew of data and events last week.
The economic calendar remains relatively light throughout the week, although traders are likely to keep an eye on reports on producer and consumer price inflation.
On the earnings front, Disney (DIS), Tenet Healthcare (THC), Office Depot (ODP), CVS Health (CVS), and 21st Century Fox (FOXA) are among the companies due to report their quarterly results this week.