US stock futures higher as earning season picks up pace – Financial Times

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US stock-index futures are pointing higher on Tuesday as investors draw encouragement from the gathering pace of corporate earnings.

S&P 500 futures are up 0.6 per cent this morning, while those for the Dow Jones Industrial Average are up 0.9 per cent and those for the Nasdaq 100 are 0.6 per cent higher.

This follows a positive session for European markets, were Germany’s Dax is up 0.9 per cent and London’s FTSE 100 is ahead 0.2 per cent.

US Treasuries are slightly weaker amid the improved market sentiment.

Among the highest profile companies delivering first-quarter results this morning, Goldman Sachs was up 2.1 per cent in pre-market trade after beating forecasts, while Johnson & Johnson was up 1.2 per cent after topping market expectations.

Netflix was up 7 per cent in pre-market trade after it delivered results after Monday’s closing bell and said international revenue was expected to exceed that from the US in this current quarter.

Tesla shares were down 0.4 per cent in the pre-market. The electric car maker said late on Monday it had shut down its Model 3 production line, but that this was unrelated to safety fears or the need to move away from automation at the factory.

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