U.S. stock futures pointed higher Tuesday, extending gains after the largest four-day stretch of gains since late July for both the S&P 500 and Nasdaq Composite.
- Futures on the Dow Jones Industrial Average
rose 73 points or 0.2%, to 35206
- Futures on the S&P 500
gained 13 points, or 0.3%, to 4490
- Futures on the Nasdaq 100
rose 36 points, or 0.2%, to 15327
On Monday, the Dow Jones Industrial Average
fell 36 points, or 0.1%, to 35259, while the S&P 500
increased 15 points, or 0.34%, to 4486, and the Nasdaq Composite
gained 124 points, or 0.84%, to 15022. The S&P 500 and Nasdaq Composite have each seen their best four-day winning stretch since July 23.
What’s driving markets
The positive backdrop comes as corporate earnings have largely overshadowed worries about supply chain disruptions.
According to Bank of America, through the first week, 66% of companies have beaten on both sales and earnings per share, which is well above the historical average of 47%.
Markets also will be eyeing the launch of the first bitcoin exchange-traded fund, and the flattening of the yield curve, as the spread between 5-
Treasury securities was the narrowest since early 2020.
Housing starts and a gaggle of Federal Reserve officials speaking highlights the day’s economics calendar.