As investors found cause for optimism in the most recent retail statistics and Bank of America’s better-than-expected earnings report, S&P 500 futures marginally increased on Tuesday.
Nasdaq 100 futures and futures linked to the overall index saw increases of 0.3% and 0.2%, respectively. Dow Jones Industrial Average futures increased by 0.4%, or 161 points.
After earnings beat analyst estimates, Bank of America saw a more than 2% increase before to the bell.
However, after a strong run leading up to the publication, Morgan Stanley fell more than 2% even though they also exceeded forecasts.
As the new reporting season gets off, these well-known brands are the most recent to release quarterly financial results.
Source (CNBC)
