Yahoo Finance Stocks- U.S. Futures Point to Higher Opening Bell
Investing.com – Wall Street was set to rebound on Tuesday, as investors looked ahead to the latest flurry of corporate earnings and bond yields eased.
The S&P 500 futures was up 15 and a half points or 0.58% to 2,686.75 as of 6:47 AM ET (10:47 GMT) while Dow futures increased 138 points or 0.57% to 24,552.0. Meanwhile tech heavy Nasdaq 100 futures rose 45 points or 0.67% to 6,712.0.
U.S. stocks were lower on Monday after a decline in technology shares and concern about increasing bond yields.
Bond yields have risen to their highest levels in four years, as inflation has added to expectations of continued rate hikes from the Federal Reserve.
Yields were down slightly on Tuesday, with the yield on the benchmark United States 10-Year Treasury note down 0.24% to 2.966. The United States 2-Year note rose to 2.487, a level not seen since September 2008.
On the earnings front, a number of firms are slated to release their first quarter results, including Harley-Davidson Inc (NYSE:HOG), Coca-Cola Company (NYSE:KO), Caterpillar (NYSE:CAT), Verizon Communications Inc (NYSE:VZ), JetBlue Airways Corporation (NASDAQ:JBLU) and Lockheed Martin (NYSE:LMT), among others. Google’s Alphabet (NASDAQ:GOOGL) is also likely to be on investors minds, after the tech giant posted a strong first quarter after the closing bell.
Deutsche Bank (NYSE:DB) was among the biggest gainers in pre-market trading, rising 3.02% while Loyds (NYSE:LYG) increased 0.54%. Apple (NASDAQ:AAPL) inched up 0.46% while Nokia Corp ADR (NYSE:NOK) gained 0.76% and Shire plc (NASDAQ:SHPG) was up 5.49%.
Elsewhere UBS Group AG (NYSE:UBS) fell 1.52% while Banco Santander SA ADR (NYSE:SAN) lost 1.47% and Vodafone Group PLC ADR (NASDAQ:VOD) dipped 0.73%.
In economic news, the S&P/Case-Shiller house price index is out at 9:00 AM ET (13:00 GMT).New home sales, consumer confidence and the Richmond Fed Survey of Manufacturing Activity are all scheduled for 10:00 AM ET (14:00 GMT).
In Europe stocks were mixed. Germany’s DAX rose 49 points or 0.40% while in France the CAC 40 was flat and in London, the FTSE 100 was up 24 points or 0.34%. Meanwhile the pan-European Euro Stoxx 50 was up two points or 0.06% while Spain’s IBEX 35 fell 10 points or 0.10%.
In commodities, gold futures rose 0.36% to $1,328.80 a troy ounce while crude oil futures increased 0.52% to $69.00 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, inched down 0.03% to 90.66.
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