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U.S. stock index futures indicated a higher open Tuesday after the release of strong quarterly results from some of the largest U.S. companies.
Futures for the Dow Jones Industrials rocketed 153 points, or 0.6%, to 25,354
S&P 500 futures moved higher 14.5 points, or 0.5%, to 2,763.50, while futures for the NASDAQ composite moved skyward 58.25 points, or 0.8%, to 7,134.75
Morgan Stanley jumped more than 2.5% after reporting better-than-expected earnings. Goldman Sachs' profits also beat estimates, sending the stock up 1%. BlackRock posted mixed quarterly results, as earnings topped estimates while sales missed. Dow-member Johnson & Johnson posted better-than-expected earnings.
Netflix is also expected to report after the bell Tuesday.
Investors came into the earnings season with high hopes. Analysts are expecting third-quarter S&P 500 earnings to have grown by 19%.
However, Dow-component WalMart slashed its fiscal 2019 earnings forecast on Tuesday, citing its Flipkart acquisition. The earnings season comes as Wall Street tries to recover from sharp losses seen last week.
On the data front, the U.S. Redbook data is due at 8:55 a.m. ET, followed by the industrial production numbers at 9:15 a.m. ET, and the Housing Market Index and the JOLTS numbers at 10 a.m. ET.
Overseas, in Japan, the Nikkei 225 improved 1.3% Tuesday, while in Hong Kong, the Hang Seng nicked higher 0.1%.
Oil prices descended 46 cents to $71.32 U.S. a barrel.
Gold prices gained $3.20 to $1,233.50 U.S. an ounce.
