Following Monday's modest gains, earnings from corporate majors across sectors such as health care, hospitality and technology should influence markets Tuesday.
Futures on the Dow Jones Industrial Average were up 0.22 percent while futures on the S&P 500 were up 0.25 percent and those on the Nasdaq were up 0.35 percent. On Monday, the Dow ended the day up 0.53 percent while the S&P 500 rose 0.32 percent and the Nasdaq ended the day flat.
Archer Daniels Midland Company (NYSE:ADM), Bristol-Myers Squibb Co (NYSE:BMY), eBay Inc (NASDAQ:EBAY), Marriott International Inc (NASDAQ:MAR), Merck & Co., Inc. (NYSE:MRK), Sprint Corporation (NYSE:S) and Twitter Inc (NYSE:TWTR) are among those scheduled to announce earnings Tuesday. On the data front, the S&P/Case-Shiller home price index for February is due at 9 a.m. EDT while the Conference Board's consumer confidence index for April is due at 10 a.m.
In Europe, markets were positive with the Stoxx Europe 600 index up 0.51 percent while the FTSE 100 was up 0.52 percent. Germany’s DAX-30 rose 0.63 percent while France's CAC-40 was up 0.06 percent.
In Asia, markets in Japan were closed for a local holiday while Australia's S&P/ASX 200 fell 0.89 percent. Hong Kong’s Hang Seng climbed 1.45 percent and the Shanghai Composite gained 0.84 percent. South Korea’s Kospi lost 0.23 percent while India's BSE Sensex was trading down 0.74 percent.
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