As investors awaited the start of the Federal Reserve’s policy meeting and important corporate earnings, stock futures saw a slight increase on Tuesday.
The Dow Jones Industrial Average gained 52 points, or 0.1%, while the S&P 500 and Nasdaq-100 futures both saw 0.1% increases.
CrowdStrike shares fell more than 4% following news from CNBC that Delta Air Lines had hired attorney David Boies to pursue damages from CrowdStrike and Microsoft following an outage that resulted in thousands of flight cancellations this month.
Prior to Tuesday’s bell, the market may be influenced by the quarterly reports of Merck, Pfizer, PayPal, Procter & Gamble, and JetBlue.
Following the closing bell, investors will also be eagerly monitoring the statistics from Advanced Micro Devices, Microsoft, and Starbucks.
79% of the S&P 500 businesses have reported earnings that surpassed Wall Street projections, out of the companies that have disclosed results thus far. In contrast, the earnings beat rate during a five-year period has been 77%.
Source (CNBC)
