Futures move higher for second consecutive day

NEW YORK (AP) — U.S. stock futures are moving higher on strength in the financial sector.

Volume is light for the second consecutive day, however, with markets awaiting testimony from the chairman of the U.S. Federal Reserve on Wednesday.

Dow Jones industrial futures are up 8 points to 15,424. S&P futures have added 0.8 points to 1,678.30. Nasdaq futures are up 2.75 points to 3,075.75.

A day after Citigroup easily topped Wall Street expectations, Goldman Sachs did the same on Tuesday. The global investment and securities firm doubled its quarterly profits for the second quarter, and it posted revenue of $8.61 billion.

Coca-Cola is reporting declining profits and weak volume growth for the quarter.

Johnson & Johnson, CSX and Yahoo are also reporting earnings Tuesday.

The government posts consumer price data at 8:30 a.m. Eastern.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s