U.S. Stocks May Move Back To The Upside In Early Trading
(AWP Alliance News) - After ending the previous session modestly lower, stocks are likely to move back to the upside in early trading on Tuesday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.4 percent. A positive...
U.S. Stocks May Move Back To The Upside In Early Trading
(AWP Alliance News) - After ending the previous session modestly lower, stocks are likely to move back to the upside in early trading on Tuesday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.4 percent.
A positive reaction to some of the latest earnings news may contribute to early strength on Wall Street even as traders keep an eye on the latest developments in the Middle East.
Shares of UnitedHealth (UNH) are surging by 7.2 percent in pre-market trading after the health insurance giant reported better than expected first quarter results and raised its full-year earnings guidance.
Homebuilder D.R. Horton (DHI) is also seeing significant pre-market strength after reporting first quarter earnings that exceeded analyst estimates.
On the other hand, shares of 3M (MMM) may come under pressure after the conglomerate reported better than expected first quarter earnings but provided disappointing full-year guidance.
Early buying interest may also be generated in reaction to a Commerce Department report showing retail sales in the U.S. surged by more than expected in the month of March.
The report said retail sales shot up by 1.7 percent in March after climbing by an upwardly revised 0.7 percent in February.
Economists had expected retail sales to jump by 1.4 percent compared to the 0.6 percent increase originally reported for the previous month.
Excluding sales by motor vehicle and parts dealers, retail sales surged by 1.9 percent in March after growing by 0.7 percent in February. Ex-auto sales were expected to leap by 1.3 percent.
However, traders may be reluctant to make significant moves as they await further news about potential peace talks between U.S. and Iran as the end of their ceasefire looms.
'Oil prices remained below $100 a barrel which suggests cautious optimism that the Middle East conflict won't intensify,' said Russ Mould, investment director at AJ Bell.
He added, 'However, the longer oil remains in the 90s range (currently $95), the higher the chance of an inflationary shock and a wobble to global economic activity.'
Following the substantial rally seen last week, stocks saw a modest pullback during trading on Monday. The major averages all moved to the downside, although selling pressure was relatively subdued.
The major averages finished the day well off their lows of the session but still in the red. The Nasdaq fell 64.09 points or 0.3 percent to 24,404.39, the S&P 500 dipped 16.92 points or 0.2 percent to 7,109.14 and the Dow edged down 4.87 points or less than a tenth of a percent to 49,442.56.
In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Tuesday. Japan's Nikkei 225 Index advanced by 0.9 percent, while Hong Kong's Hang Seng Index rose by 0.5 percent.
Meanwhile, the major European markets are turning in a mixed performance on the day. While the German DAX Index is up by 0.3 percent, the French CAC 40 Index and the U.K.'s FTSE 100 Index are both down by 0.3 percent.
In commodities trading, crude oil futures are falling $0.61 to $89 a barrel after soaring $5.76 to $89.61 a barrel on Monday. Meanwhile, after slumping $50.80 to $4,828.80 ounce in the previous session, gold futures are sliding $32.90 to $4,795.90 an ounce.
On the currency front, the U.S. dollar is trading at 159.19 yen compared to the 158.79 yen it fetched at the close of New York trading on Monday. Against the euro, the dollar is trading at $1.1757 compared to yesterday's $1.1787.
Copyright(c) 2026 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
A positive reaction to some of the latest earnings news may contribute to early strength on Wall Street even as traders keep an eye on the latest developments in the Middle East.
Shares of UnitedHealth (UNH) are surging by 7.2 percent in pre-market trading after the health insurance giant reported better than expected first quarter results and raised its full-year earnings guidance.
Homebuilder D.R. Horton (DHI) is also seeing significant pre-market strength after reporting first quarter earnings that exceeded analyst estimates.
On the other hand, shares of 3M (MMM) may come under pressure after the conglomerate reported better than expected first quarter earnings but provided disappointing full-year guidance.
Early buying interest may also be generated in reaction to a Commerce Department report showing retail sales in the U.S. surged by more than expected in the month of March.
The report said retail sales shot up by 1.7 percent in March after climbing by an upwardly revised 0.7 percent in February.
Economists had expected retail sales to jump by 1.4 percent compared to the 0.6 percent increase originally reported for the previous month.
Excluding sales by motor vehicle and parts dealers, retail sales surged by 1.9 percent in March after growing by 0.7 percent in February. Ex-auto sales were expected to leap by 1.3 percent.
However, traders may be reluctant to make significant moves as they await further news about potential peace talks between U.S. and Iran as the end of their ceasefire looms.
'Oil prices remained below $100 a barrel which suggests cautious optimism that the Middle East conflict won't intensify,' said Russ Mould, investment director at AJ Bell.
He added, 'However, the longer oil remains in the 90s range (currently $95), the higher the chance of an inflationary shock and a wobble to global economic activity.'
Following the substantial rally seen last week, stocks saw a modest pullback during trading on Monday. The major averages all moved to the downside, although selling pressure was relatively subdued.
The major averages finished the day well off their lows of the session but still in the red. The Nasdaq fell 64.09 points or 0.3 percent to 24,404.39, the S&P 500 dipped 16.92 points or 0.2 percent to 7,109.14 and the Dow edged down 4.87 points or less than a tenth of a percent to 49,442.56.
In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Tuesday. Japan's Nikkei 225 Index advanced by 0.9 percent, while Hong Kong's Hang Seng Index rose by 0.5 percent.
Meanwhile, the major European markets are turning in a mixed performance on the day. While the German DAX Index is up by 0.3 percent, the French CAC 40 Index and the U.K.'s FTSE 100 Index are both down by 0.3 percent.
In commodities trading, crude oil futures are falling $0.61 to $89 a barrel after soaring $5.76 to $89.61 a barrel on Monday. Meanwhile, after slumping $50.80 to $4,828.80 ounce in the previous session, gold futures are sliding $32.90 to $4,795.90 an ounce.
On the currency front, the U.S. dollar is trading at 159.19 yen compared to the 158.79 yen it fetched at the close of New York trading on Monday. Against the euro, the dollar is trading at $1.1757 compared to yesterday's $1.1787.
Copyright(c) 2026 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
