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Dow tries to break the losing streak when blue-chip winnings come in



U.S. The stock futures on Tuesday signaled an uptrend on Wall Street, with the Dow breaking a four-session loss.

Six Dow components reported gains, including Coca-Cola and United Technologies, but most of the gains came from stocks that have either reported or are about to report.

What are the markets doing?

Futures for the Dow Jones Industrial Average

YMM8, + 0.46%

surpassed 154 points, or 0.6%, to 24,566, while those for the S & P 500 index

ESM8, + 0.41%

added 15.45 points or 0.6% to 2.687. Futures for the Nasdaq 100 Index

NQM8, + 0.28%

climbed 36.75 points or 0.5% to 6.703.50

The stated profits come after a mostly weak session on Monday, as the Dow

DJIA, + 0.22%

lost less than 0.1%, the Nasdaq Composite Index

COMP, + 0.31%

fell 0.3% and the S & P 500 index

SPX, + 0.29%

almost unchanged closed

What drives the market?

Stocks were last whipped up by rising US bond yields, like the 10-year rate

TMUBMUSD10Y, + 0.50%

looked as though it was about to come across the psychologically important 3 percent limit. Higher bond yields tend to put a strain on stocks because they lower corporate credit costs.

Yields initially declined on Tuesday, but rose 2.989%, rising 2 basis points. Yields and debt prices are moving in opposite directions.

Also on Tuesday, the focus was on returns, with a flood of high-profile companies reporting the results before the opening. The season has been strong so far and more than 80% of the previously reported S & P 500 companies have surpassed their earnings forecasts. Compared to the fourth quarter of 2017, approximately 73% of S & P companies exceeded estimates, according to FactSet data.

What do strategists say?

U.S. 10-year yields will be closely monitored this week as they were below 0.3 basis points yesterday after breaking the 3% mark, Hussein Sayed, chief market strategist at FXTM, said in a note.

"The 3% Taken alone, this is only a psychological level and not a significant threat, but if a breakthrough further leads to further sales of Treasury bonds, this will be a serious warning signal for stock bulls. running on AI and algorithms, a sell out can look ugly, "he added.

Which stocks are in focus?

Among the six Dow components released before Tuesday's release United Technologies Corp.

UTX reported + 1.98%

increased its full-year forecast after first-quarter results were released that skipped estimates.

Coca-Cola Co.

KO, -0.77%

increased by 0.8% before-hours. The soft-drink giant reported gains slightly ahead of expectations.

Shares of Alphabet Inc.

GOOGL, -2,45% [1965529] GOOG, -2,48%

slipped 0.1% before the IPO, even after the Google parent late Monday profits reported by analyst estimates.

Travelers Cos. Inc.

TRV, -3.67%

lost 1.7% before its opening after first-quarter results missed forecasts.

3M Co.

MMM -6.10%

fell more than 3.5% on Tuesday as the company reported results in the estimates, but earnings lower for the full year than previously expected.

Caterpillar Inc.

CAT, + 2.86%

Stocks rose 4% in pre-trade on Tuesday after the maker of construction and mining equipment posted gains and gains in the first quarter Sales had reported far above expectations.

Verizon Communications Inc. s

VZ, + 2.45%

The stock rose 2.9% in pre-IPO trading after the company announced better-than-expected results in the March quarter.

Freeport-McMoRan Inc. .

FCX, -4.04%

fell 2.8% in pre-trade after reporting revenue and revenues in the first quarter that failed to meet expectations.

Eli Lilly & Co.

LLY, + 0.41%

increased 3.5% after raising earnings estimates for 2018.

Read: Google made a lot more profit and spent much more money – therefore

Harley-Davidson Inc.

HOG, + 2.10% [19659005] reported Sales and earnings above analysts' expectations.

PulteGroup Inc.

PHM, + 5.59%

gained 3.4% before the bell, after posting strong first-quarter results.

Sanmina Corp.

SANM, + 23.29%

gained 12% on Tuesday in the pre-market session after the electronics maker reported profits and sales on Wall Street estimates late Monday.

US-listed shares of SAP AG

SAP, + 4.37%

SAP, + 3.88%

climbed 3.7% before Glocke after the German software giant raised the outlook for 2018 to reflect the acquisition of Callidus Software Inc. and strong operating performance in the first quarter.

Which economic data are the focus?

The seasonally adjusted S & P / Case-Shiller index rose 0.5%, up 6.3% in February from a year ago, reaching a four-year high.

See: MarketWatch's Economic Calendar

What other Markets Do

Asian markets generally closed higher, with Chinese stocks picked up by announcements of deeper economic and market reforms by the government.

Equities in Europe are also trading higher, with the Stoxx Europe 600 Index

SXXP, -0.05%

by 0.1%

The price of oil continued to rise with Brent

LCOM8, -0.07%

breaks above $ 75 a barrel, trading at its highest level since November 2014.

Gold rose

GCM8, + 0.34%

during the ICE US Dollar Index

DXY, -0.07%

was flat.


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