US index futures rise amid easing of quarantine measures

Investors are waiting for the publication of reports on company earnings for the first quarter.

Futures on US stock indexes on Tuesday showed growth ahead of the publication of the next quarterly reports on company earnings. Meanwhile, investors are closely watching the gradual opening of economies that have been struck by the quarantine measures.

The new week on Wall Street started with positive dynamics, while several States allowed companies to resume work.

Thanks to the measures taken to stimulate the economy, all three key us indexes are now just 20 percent behind their record closing figures. Still, analysts warn of further losses as economic indicators point to a deep global recession.

Consumer confidence, which will be reported later on Tuesday for April, is expected to fall further after falling to a three-year low reached in March.

Also, investors are waiting for the two-day meeting of the fed, which begins on Tuesday, although this time, there is little hope for another easing of monetary policy.

Southwest Airlines has already submitted its first-quarter report, ending the quarter in the red for the first time in nine years, but its shares rose 3.4 percent amid claims that the average daily burn rate will slow in the second quarter.

Pharmaceutical companies Merck & Co and Pfizer are also expected to provide their data before the start of trading, and Alphabet, Ford, Starbucks, and some other major companies – after the markets close.

As of 05. 41 am ET, e-mini Dow futures were up 283 points or 1.18 percent, the S&P 500 was up 30 points or 1.05 percent, and the Nasdaq 100 was up 98.25 points or 1.11 percent.

Google News button
Tags: