News Column

Futures Pointing To Early Strength On Wall Street

July 22, 2014

WASHINGTON (Alliance News) - Stocks are likely to move back to the upside in early trading on Tuesday after ending the previous session modestly lower. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 55 points.

The upward momentum for the markets partly reflects a positive reaction to the latest batch of earnings news from big-name companies.

Comcast (CMCSA) and Verizon (VA) are both moving to the upside in pre-market trading after reporting better than expected second quarter earnings.

Shares of DuPont (DD) could also see early strength after the chemical giant reported second quarter earnings that matched analyst estimates and raised its quarterly dividend.

On the other hand, fast food giant McDonald's (MCD) may come under pressure after reporting second quarter earnings that fell short of estimates.

The futures saw further upside following the release of a report from the Labor Department showing that consumer prices rose in line with economist estimates in the month of June.

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Source: Alliance News

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