Stock-index futures pointed to a higher start for Wall Street Tuesday as investors remained glued to a steady stream of corporate results.
Futures on the Dow Jones Industrial Average rose 132 points, or 0.5%, to 26,506, while S&P 500 futures rose 10 points, or 0.3%, to 2,915.50. Nasdaq-100 futures were up 31.75 points at 7,679.50, a rise of 0.4%.
Stocks on Monday ended slightly lower in the most lightly traded session of 2019, following a batch of mixed corporate earnings. The Dow declined 27.53 points, or 0.1%, to end at 26,384.77, while the S&P 500 lost 1.83 points, or 0.1%, to close at 2,905.58. The Nasdaq Composite gave up 8.15 pints, or 0.1%, to close at 7,976.01.
The S&P 500 remains less than 1% away from its all-time closing high of 2,930.75 set on Sept. 20, while the Dow is off 1.7% from its record close set on Oct. 3. The Nasdaq is off a similar amount from its high-water mark set on Aug. 29.
Analysts have penciled in a year-over-year decline in S&P 500 corporate profit for the first quarter, which would mark the first fall in three years.
Source : Market Watch