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Dow futures rise 100 points as traders cheer earnings, with Goldman Sachs on deck


Tuesday, 17 April 2018 16:48 WIB

Indeks berjangka ASIndeks berjangka Standard & Poor’s 500Kontrak Dow Jones Industrial AverageNasdaq-100 futures


c_740_198_16777215_00_images_assets_MARKETUPDATE_11ASstock_futures.jpg

U.S. stock futures climbed Tuesday, as optimism over first-quarter earnings once again set the tone, with results from Goldman Sachs Group Inc. due before the bell.

Later, investors should track a busy schedule of Federal Reserve speakers for hints to the path of interest rates. Economic data reports ahead cover housing starts and industrial production.

Dow Jones Industrial Average futures rose 125 points, or 0.5%, to 24,688, while S&P 500 futures added 11.05 points, or 0.4%, to 2,692.75. Nasdaq-100 futures gained 26 points, or 0.4%, to 6,737.25

An upbeat attitude toward first-quarter earnings was expected to remain a driving factor for stocks Tuesday. S&P 500-listed companies are expected to see earnings growth of 17.3% for the period, the fastest rate since 2011. Goldman Sachs results will be closely watched, as bank earnings so far have failed to impress markets.

Source: Marketwatch


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