The U.S. futures are on the rise once again, with gains in the past two trading days fueling optimism among investors. The earnings season is in full swing, and so far, the results have been promising, pushing the Nasdaq 100, S&P 500, and Dow Jones Industrial Average futures higher.
Several companies reported strong earnings on Tuesday, with General Motors and Texas Instruments leading the pack. Despite a drop in Tesla’s earnings, the stock saw a significant jump in after-hours trading as it plans to accelerate the launch of more affordable models.
Looking ahead, Boeing, AT&T, Thermo Fisher, and Hasbro are set to release their quarterly financials before the market opens, while Meta Platforms, IBM, and Chipotle will follow suit after the market closes.
While corporate earnings have been driving the market higher, the U.S. 10-year treasury yield and WTI crude oil futures are also trending upwards. Additionally, European indices opened higher, following gains in Asia and the U.S. markets.
In Asia-Pacific markets, indices ended higher, with Japan’s Nikkei and Topix indices, China’s Shanghai Composite and Shenzhen Component indices, and Hong Kong’s Hang Seng index all recording gains. The inflation rate in Australia also slowed for the fifth straight quarter, adding to the positive sentiment in the region.
Overall, the global markets are showing signs of strength and resilience, with investors keeping a close eye on earnings reports and economic indicators for further insights.
