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The earnings gates are starting to open on Tuesday and four members of the Dow must publish their results.
Goldman Sachs will report in the morning and IBM after the closing bell.
UnitedHealth posted better than expected earnings and sales, while Johnson & Johnson's quarterly earnings exceeded expectations and the company raised its guidance for the full year.
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| A H | UNITEDHEALTH GROUP INCORPORATED | 260.25 | 0.64 | + 0.25% |
| JNJ | JOHNSON & JOHNSON | 133.95 | 0.08 | + 0.06% |
| GS | GOLDMAN SACHS GROUP INC. | 215.22 | +1.35 | + 0.63% |
| IBM | INTERNATIONAL BUSINESS MACHINES CORP. | 141.13 | 0.28 | + 0.20% |
Investors will also focus on Morgan Stanley, Progressive and United Continental figures.
Netflix in the afternoon will be a great focus for the markets.
Futures on the Dow Jones rose 0.50%. The S & P 500 added 0.45% and the Nasdaq Composite, an increase of 0.64%.
Stocks edged down on Monday as traders took a cautious tone to start the week after last week's performance, as equities had their worst five-day period in seven months.
The Dow Jones Industrial Average Index fell 89.44 points, or 0.35%, to 25,250.55. The S & P 500 lost 16.34 points, closing at 2,750.79 points. The Nasdaq Composite slipped 66.15 points, or 0.88%, to 7,430.74.
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| I: DJI | DOW JONES MEANS | 25250.55 | -89.44 | -0.35% |
| SP500 | S & P 500 | 2750.79 | -16.34 | -0.59% |
| I: COMP | COMPOUND INDEX NASDAQ | 7430.7436 | -66.15 | -0.88% |
Economic data released on Monday included retail sales, which rose 0.1% in September, which is below expectations of 0.6% of analysts.
The manufacturing sector in the New York area rose 2.1 points to 21.1 in October, the New York Fed said Monday. Economists were waiting for the Empire State manufacturing index to reach 20.
On company news, Sears Holdings made it official early Monday morning, announcing that the retailer had filed for Chapter 11 protection against bankruptcy. Banks have agreed to lend to Sears and Eddie Lampert's hedge fund will provide $ 300 million in bankruptcy financing. Lampert will also step down as CEO but will remain president.
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In Tuesday's Asian trade, China's Shanghai Composite Index rose 1.5%.
Hang Seng of Hong Kong ended the day up 0.1%.
The Japanese average Nikkei rose by 0.8%.
In Europe, the London FTSE fell by 0.3%, the German DAX by 0.4% and the CAC by 0.3%.
Fox Business's Leia Klingel contributed to this report
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