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S&P 500 futures edged higher on Tuesday after Bank of America’s stronger-than-expected earnings report excited investors about what the the new reporting season would bring.
Futures for the Dow Jones Industrials gained 16 points to 40,530.
Futures for the much-broader index took on seven points, or 0.1%, at 5,690.
Futures for the NASDAQ Composite progressed 40.75 points, or 0.2% to 20,624.50.
Bank of America rose more than 1% before the bell after earnings came in ahead of analyst forecasts. It’s the latest household name to post quarterly financial results as the new reporting season kicks into gear.
Those moves follow a winning day on Wall Street that pushed the Dow to all-time highs. Investors bet that the unsuccessful assassination attempt on former President Donald Trump would be a tailwind for the Republican presidential candidate and his party in November’s election.
A victory for the GOP at the polls could pave the way for favorable tax and fiscal policies for investors.
Investors will watch for June retail sales data expected Tuesday morning. Economists polled by Dow Jones are anticipating a decline of 0.4% from May, but an increase of 0.1% when excluding auto sales.
Data on import prices and the housing market is also on the docket.
In Japan, the Nikkei 225 index returned to trading after a long weekend to gain 0.2%, while in Hong Kong, the Hang Seng fell 1.6%.
Oil prices declined $1.36 to $80.55 U.S. a barrel.
Gold prices brightened $15.80 to $2,444.70
