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Stocks - U.S. Futures Rise on Upbeat BlackRock, UnitedHealth Earnings

Investing.com

Investing.com - U.S. futures pointed to a higher opening bell on Tuesday after upbeat earnings results from BlackRock and UnitedHealth, with more key financial results expected.

BlackRock Inc (NYSE:BLK) reported higher than expected earnings and revenue, even as the asset manager reported a 3.3% drop in quarterly profit, due to investors turning away from its more expensive products to its low risk, inexpensive funds.

Dow futures rose 119 points or 0.5% by 6:50 AM ET (10:50 GMT), while S&P 500 futures gained 9 points or 0.3% and the tech-heavy Nasdaq 100 futures was up 32 points or 0.4%.

Bank of America (NYSE:BAC) was down 0.5% after it reported a miss on its revenue, even as its earnings per share were higher than expected.

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Meanwhile IBM (NYSE:IBM) and Netflix (NASDAQ:NFLX) and CSX (NASDAQ:CSX) report their latest earnings after the close.

AT&T (NYSE:T) inched up 0.6% on news that it is selling back its stake in Hulu, while UnitedHealth Group (NYSE:UNH) jumped 2.3% after its earnings reports beat estimates, and Advanced Micro Devices (NASDAQ:AMD) gained 2%.

Perrigo (NYSE:PRGO) was up 0.9%, while Walgreens Boots Alliance (NASDAQ:WBA) rose 0.5% and Walt Disney (NYSE:DIS) ticked up 0.3%.

Elsewhere, HollyFrontier (NYSE:HFC) slumped 2.2%, while Carnival (NYSE:CCL) fell 0.4% and Cisco Systems (NASDAQ:CSCO) were down 0.4%.

On the economic front, industrial production comes out at 9:15 AM ET (13:15 GMT), while the NAHB survey is released at 10:00 AM ET (14:00 GMT).

In commodities, gold futures fell 0.4% to $1,286.45 a troy ounce, while crude oil inched up 0.1% to $63.49 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose slightly to 96.597.

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