US stock futures rose in morning trading on Tuesday as investors awaited a streak of major technology gains as the broader market hit a record high, and Dow Jones futures rose nearly 114 points. The S&P 500 and Nasdaq 100 futures were also trading solidly in positive territory.
The shares of social media giant Facebook rose 2.3% in pre-market trading after the company beat analyst earnings expectations, and Facebook beat expectations for revenue and monthly active users.<\/p>\n\n\n\n
Shares of Intercontinental Exchange jumped 3.7% before the sale, a day after CNBC announced that Mastercard Inc would partner with ICE spinoff company Bakkt in a move to allow customers to integrate cryptocurrencies into their products. In addition, ICE will provide behind-the-scenes custodial services to those who sign up.<\/p>\n\n\n\n
United Parcel Service also saw its stock increase 2% before marketing after the shipping company reported solid earnings and revenue results in all business segments.<\/p>\n\n\n\n
Investors will take a look at the real estate market on Tuesday when S&P CoreLogic Case-Shiller home price data for August is released at 9 a.m., and economists surveyed by Dow Jones expect the average of 20 cities in the largest US market to show a rise. Prices increased by 19.8%, in line with the increase of 19.9% \u200b\u200bin July.<\/p>\n\n\n\n
New home sales data for September will also be released with estimates of 760,000 new sales, an increase of 2.7%, compared to 740,000 and 1.5%, respectively, in August. Meanwhile, the Conference Board releases its Consumer Confidence Index for October, with a reading of 108 expected for October, compared to 109.3 in September.<\/p>\n\n\n\n
The Dow Jones Industrial Average and Standard & Poor’s 500 closed at record levels on Monday. Dow gained 64 points. The S&P 500 rose 0.5%, buoyed by a 12% rise in Tesla shares, as the electric car maker’s market capitalization hit $1 trillion for the first time.<\/p>\n\n\n\n
Technology Alphabet (Google) and Microsoft reported earnings after the bell rang Tuesday. Other major reports include 3M Group, Lilly, Eli & Co, General Electric, United Parcel Service Inc, and Visa Steel Ltd. Microsoft bulls anticipate a strong quarter for Microsoft, buoyed by its core business at Azure Power Global Ltd. Analysts expect Alphabet’s earnings to come in 43% higher year-on-year.<\/p>\n\n\n\n
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