U.S. stock index futures moved higher Tuesday morning, as market participants awaited further earnings reports.
At around 6:10 a.m. ET, Dow futures indicated a positive open of more than 100 points. Futures on the S&P and Nasdaq were also seen higher.
Corporate earnings remain the biggest market focus. Bank of America, BlackRock, Johnson & Johnson, and UnitedHealth will update investors before the bell. Later on, IBM, Netflix, and CSX will also report their latest earnings.
Wall Street closed slightly lower Monday after mixed corporate results. Shares of Goldman Sachs fell more than 3 percent after the investment bank reported lower-than-expected revenues. Citigroup also struggled to make gains after reporting a 20% drop in its equity trading division.
Investors are also closely monitoring Fed-related developments amid fears of a potential cut in rates. Speaking to CNBC on Monday, Chicago Federal Reserve President Charles Evans said that he’d be comfortable leaving interest rates untouched until autumn 2020.
On the data front, a report on U.S. industrial production and capacity utilization is due at 9.15 a.m. ET, and the National Association of Home Builders survey will be out at 10 a.m. ET.