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Title: Dow Futures Rise 125 Pts; Facebook 3Q in Focus

10/26/2021 6:58:36 AM GMT

By: AnalysisWatch



U.S. stocks are seen opening higher Tuesday, carrying on the new uplifting vibe in front of the arrival of a large amount of corporate income, especially from web-based media monster Facebook (NASDAQ: FB).


The Dow Futures contract was up 125 points, or 0.4%, the S & P 500 Futures contract was up 18 points, or 0.4%, and the Nasdaq 100 Futures contract was up 80 points, or 0.5%.


The Dow Jones Industrial Average and the S & P 500 both closed higher on Wall Street on Monday, with the Dow gaining 0.2% and 0.5%, respectively. The Nasdaq Composite was the outperformer, rising 0.9%, and the tech-weighty list is currently around 1% beneath its record high.


Facebook posted a surprisingly good net benefit of $9 billion for the second quarter of last year after the close of business on Monday, up from $7.8 billion last year, yet at the same time, it is battling with the difficulties presented by Apple's (NASDAQ: AAPL) changes to its protection rules and the awful press related to the released interior records. The organization also reported a $50 billion increment to its stock buyback program.


After the market closes on Tuesday, Alphabet (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT) will report second-quarter earnings. Reports from any semblance of 3M, Eli Lilly (NYSE: LLY), General Electric (NYSE:GE), United Parcel Service (NYSE: UPS) and Visa (NYSE: V) will likewise be considered.


Additionally of note: Tuesday will be Uber (NYSE: UBER), after the ride-hailing and food conveyance organization consented to dispatch another quick staple conveyance administration in Paris with Carrefour (PA: CARR), Europe's biggest retailer.

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