Investing.com - Wall Street was set to rise on Tuesday as investors looked ahead to earnings and economic data, with the Dow expected to reach over 26,000 for the first time.
The S&P 500 futures rose 12 points or 0.45% to 2,801.25 as of 6:48 AM ET (11:48 GMT) while Dow futures increased 229 points or 0.89% to 26,030.0. Meanwhile tech heavy Nasdaq 100 futures was up 42 points or 0.62% to 6,817.25.
Markets in the U.S. were closed on Monday for the Martin Luther King Day holiday.
A flurry of earnings is expected this week, with Citigroup (NYSE:C), UnitedHealth Group Incorporated (NYSE:UNH), Comerica (NYSE:CMA), and CSX (NASDAQ:CSX) among the major firms releasing their financial results before the morning bell on Tuesday. Shares in Citigroup rose 0.60% in pre-market trading while UnitedHealth surged 3.66%.
Semiconductor Advanced Micro Devices (NASDAQ:AMD) was among the top performers before the morning bell, rising 1.33%. Telecommunications firm Nokia (HE:NOKIA) increased 3.08% after it finalized a deal to manage Australian-based Optus’s telecommunications network infrastructure and operations for five years. Meanwhile Bank of America (NYSE:BAC) inched forward 0.99%.
In economic news, the Empire State Manufacturing survey is released at 8:30 AM ET (13:30 GMT).
In Europe stocks were mostly up. Germany’s DAX rose 135 points or 1.03% while in France the CAC 40 increased 17 points or 0.31% and in London, the FTSE 100 fell four points or 0.06%. Meanwhile the pan-European Euro Stoxx 50 was up 14 points or 0.40% while Spain’s IBEX 35 gained 67 points or 0.65%.
In commodities, gold futures rose 0.603% to $1,335.30 a troy ounce while crude oil futures slumped 0.68% to $63.86 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rallied 0.38% to 90.47.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.