U.S. inventory futures edged larger Tuesday as traders awaited extra company earnings stories to assess the business climate.
Futures tied to the S&P 500 ticked up 0.2%, pointing to the broad market benchmark recovering floor on the opening bell after shedding 0.2% on Monday. Contracts tied to the Nasdaq-100 and futures linked to the Dow Jones Industrial Average additionally superior 0.2%.
A powerful spate of company outcomes has helped bolster optimism that shares can proceed to grind larger following an already sturdy rally this 12 months. Investors say continued support from central banks and financial information that also reveals development will additional assist equities.
“It has been a pretty strong earnings season and that justifies the medium-term positive view that we have on stocks,” mentioned Justin Onuekwusi, head of retail multiasset funds at Legal & General Investment Management. “Earnings typically always beat the average analyst estimate, but for the second quarter in a row, they are coming in above the highest estimates, which is pretty unprecedented.”
Lyft , Activision Blizzard and Amgen are among the many corporations that may put up outcomes after markets shut.