U.S. stock futures pointed to a higher open on Wall Street on Tuesday amid a flurry of earnings reports with several big name companies, including Morgan Stanley (NYSE:MS) and BlackRock, beating expectations.
The S&P 500 futures was up 11 points or 0.42% to 2,760.50 as of 6:59 AM ET (10:59 GMT) while Dow futures were up 111 points, or 0.44%, to 25,312.0. Meanwhile tech heavy NASDAQ 100 futures increased 44 points, or 0.63%, to 7,120.75.
Morgan Stanley (NYSE:MS) rose 2.24% in premarket trading after its earnings came in better than expected.
BlackRock (NYSE:BLK) also reported larger-than-expected quarterly earnings results, while UnitedHealth (NYSE:UNH) raised its full year earnings outlook after its earnings beat.
Goldman Sachs (NYSE:GS) was also expected to report earnings results ahead of the open, while Netflix (NASDAQ:NFLX) and IBM (NYSE:IBM) are to report after the market close.
Ford Motor Co.pany (NYSE:F) was among the top gainers, surging 2.16% after the carmaker launched a new SUV in China. Meanwhile medical marijuana company Tilray Inc (NASDAQ:TLRY) increased 5.65% while Adobe (NASDAQ:ADBE) jumped 5.88% after it launched a video editing app.
Elsewhere Walmart (NYSE:WMT) slumped 1.75% after it cut its fiscal outlook for 2019.
On the data front, the U.S. Redbook data is due at 8:55 AM ET (12:55 GMT), followed by industrial production numbers for September at 9:15 AM ET (13:15 GMT).
The latest Housing Market Index comes out at 10:00 AM ET (14:00 GMT), along with the August report on JOLTs job openings.
In commodities, Gold futures rose 0.14% to $1,232.00 a troy ounce while crude oil futures decreased 0.89% to $71.14 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was down 0.02% to 94.75.
