U.S. Stocks Higher, Boosted by Earnings, Home Prices

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U.S. stock futures are higher Tuesday as investors digest another round of earnings while awaiting the latest batch of economic data. Already released pre-bell was the Case-Shiller home price composite for May, while consumer confidence index for May is on tap.

The Case-Shiller 20-city home-price composite for May showed home prices surged 2.4% in May, taking the YOY gains to 12.2%. The consumer-confidence index will be released at 10 a.m. ET. According to MarketWatch, economists are forecasting a slight fall to 81.1 from 81.4 in June. The May consumer confidence was at a five-year high.

Earnings highlights from the pre-market and after-hours session include Pfizer's ( PFE ) results, which just beat expectations; Aetna ( AET ) also topped forecasts and raised its full-year earnings expectations, and Herbalife's ( HLF ) better-than-expected earnings and hiked guidance.

Meanwhile, all eyes are on tomorrow when we will hear the latest opinion on the state of the economy from the Fed, while the first reading of Q2 GDP also will be released.

Commodities are mostly lower pre-bell, including oil, which is down 1.05%, while gold is down 0.57%.

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial up 0.20%

-S&P 500 futures up 0.24%

-Nasdaq 100 futures up 0.35%

-Nasdaq-100 Pre-Market Indicator up 0.25%

GLOBAL SENTIMENT

Nikkei up 1.45%

Hang Seng up 0.48%

Shanghai Composite up 0.70%

FTSE-100 up 0.28%

DAX-30 up 0.60%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: mixed

(+/-) Chip stocks: mixed

(+/-) Software stocks: mixed

(+/-) Hardware stocks: mixed

(+/-) Internet stocks: mixed

(+/-) Drug stocks: mixed

(+) Financial stocks: higher

(+/-) Retail stocks: mixed

(+/-) Industrial stocks: mixed

(+,-) Airlines: flat

(-) Autos: higher

UPSIDE MOVERS

GNRC, (+9.6%) Reports Q2 Beat; Raises FY13 Revenue Growth Guidance

GT, (+7.4%) Q2 Net Income up From Year Prior

VNDA, (+24.2%) Seeks FDA Approval for New Drug Tasimelteon

DOWNSIDE MOVERS

POT, (-23.7%) Potash Producers Cratering in Pre-Bell - OAO Uralkali's Move to Break up Marketing Venture Weakens Prices

HMA, (-4.8%) Sees Q2 Well Below Expectations

BP, (-5.3%) Q2 Profits Reportedly Fall Short of Expectations



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: AET , HLF , PFE

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