Stock Futures Rise as Earnings Season Ramps Up – The Wall Street Journal

U.S. stock futures climbed up amidst a slew of incomes releases and testament by Janet Yellen in which she is expected to support higher coronavirus relief spending.
Futures tied to the S&P 500 increased 0.7%, indicating gains after the opening bell. Those linked to the Nasdaq-100 added 0.8%, suggesting a rally in tech stocks.
Incomes season kicked into high equipment Tuesday. Shares of Bank of America fell over 1% in premarket trading after it reported that its quarterly revenue fell 22%. Goldman Sachs increased 2.8% after releasing incomes that significantly beat expectations.
Netflix is expected to report outcomes after markets close.
Significant banks recent profits suggest they are “seeing the economy stabilize; their worst-case scenarios have not been met,” stated Shaniel Ramjee, a multiasset fund supervisor at Pictet Asset Management. “Even if the infection is still with us, banks are seeing an uplift in the economy.”

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