Investing.com – U.S. futures rose on Tuesday, pushed higher by strong earnings from Google’s Alphabet (NASDAQ:GOOGL) as investors turn their focus on corporate earnings.
The S&P 500 futures rose five points or 0.18% to 2,817.0 as of 6:48 AM ET ( 10:48 GMT) while Dow futures increased 77 points or 0.31% to 25,110.0. Meanwhile tech heavy Nasdaq 100 futures were up seven points or 0.10% to 7,438.0.
Google’s parent-company Alphabet surged 4.79% in pre-market trading after its second-quarter earnings came in better than expected, despite a $5.1 billion fine from the European Union. Corporate earnings continue into Tuesday, with 3M Company (NYSE:MMM), Lockheed Martin (NYSE:LMT), JetBlue Airways Corporation (NASDAQ:JBLU) and AT&T (NYSE:T) just a few of the flurry of firms expected to report their financial results. Investors will be watching closely for commentary from firms on the impact of trade tariff disputes between the U.S, EU, and China.
Harley-Davidson Inc (NYSE:HOG) reported a 6.4% drip in quarterly profit while Goldman Sachs (NYSE:GS) slumped 1.07% and Ryanair Holdings PLC ADR (NASDAQ:RYAAY) was down 2.09% amid airline strikes in Europe.
Elsewhere, General Electric (NYSE:GE) rose 3.08% while Facebook (NASDAQ:FB) gained 2.16% and semiconductor Micron Technology Inc (NASDAQ:MU) increased 1.22%.
In economic news, the Philadelphia Fed’s non-manufacturing survey comes out at 8:30 AM ET (12:30 GMT), followed by the U.S. composite purchasing managers index at 9:45 AM ET (13:45 GMT) and the Richmond Fed survey out at 10:00 AM ET (14:00 GMT).
In Europe stocks were higher. Germany’s DAX rose 167 points or 1.34% while in France the CAC 40 increased 46 points or 0.86% and in London, the FTSE 100 was up 67 points or 0.88%. Meanwhile the pan-European Euro Stoxx 50 gained 29 points or 0.84% while Spain’s IBEX 35 inched up 64 points or 0.66%.
In commodities, gold futures rose 0.06% to $1,226.30 a troy ounce while crude oil futures increased 0.65% to $68.33 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was down 0.13% to 94.30.