Stocks are expected to trade higher on Tuesday as the futures for the Dow Jones industrial average, S&P 500 and Nasdaq Composite were up 0.2 to 0.3 percent at 4.18 a.m. ET.
Samsung Electronics <005930.KS> forecast its third-quarter consolidated earnings to be at a median 4.1 trillion won ($3.5 billion), higher than market estimates and up sharply from 2.42 trillion won in the second quarter.
Global semiconductor revenue could grow about 10 percent next year after two years of declines, as new computers and feature-jammed smartphones help boost chip demand, according to research firm Gartner.
The dollar jumped across the board on Tuesday, trimming losses after Saudi and Russian authorities denied a media report saying Gulf Arab states were considering using currencies other than the dollar to trade oil.
New York Federal Reserve President William Dudley said on Monday that a tepid economic recovery should allow the Fed to keep interest rates at rock-bottom lows for a prolonged period.
The Fed must pre-emptively state it will not buy more Treasury bills in order to implement a cohesive exit strategy from the massive monetary bailouts it has provided, economic consultant Ian Bremmer and Nouriel Roubini wrote in an opinion column on the Wall Street Journal's website.
Fertiliser maker Mosaic
Verizon Communications Inc
The Walt Disney Co
Companies reporting on Tuesday include Pepsi Bottling Group
U.S. stocks bounced back from a four-day losing streak on Monday, as optimism about upcoming earnings gathered steam and data showed the economy's critical services sector expanded for the first time since August 2008.
The Dow Jones industrial average <.DJI> was up 112.08 points, or 1.18 percent, at 9,599.75. The Standard & Poor's 500 Index <.SPX> was up 15.25 points, or 1.49 percent, at 1,040.46. The Nasdaq Composite Index <.IXIC> was up 20.04 points, or 0.98 percent, at 2,068.15.
(Reporting by Dominic Lau; Editing by Hans Peters)