U.S. market futures data and global market roundup:

  • Initial U.S. Stock futures data are indicating markets will open higher today after yesterday’s dreary close.
  • Dow picks up more than 200 points as the U.S. market opens.
  • The discussion on putting a price cap on Russian oil and what the experts and world leaders’ thoughts on it.
  • Chinese holdings of U.S. debt have dropped below the $1 trillion mark for the first time in more than a decade.

As of 2:40 a.m. EST on Tuesday, Futures on the Dow Jones Industrial Average are up 0.14%, while those on the S&P 500 are up 0.31% as of 2.40 a.m. EST on Tuesday. NASDAQ 100 futures are also up 0.51%. The Dow skidded 0.69% at the closing of Monday’s market, while S&P 500 and Nasdaq 100 dropped 0.84% and 0.81%, respectively.

On the other side of the globe, Shanghai is up 0.13%, and the Global Dow is up 0.19%.

In the meantime, IBM’s shares dropped 4.36% during the extended trading session on Monday as cash flow concerns overshadowed its Q2 numbers. The defense behemoth, Lockheed Martin is scheduled to deliver its Q2 numbers today and has signed a $30 billion contract from the Pentagon to deliver about 375 F-35 fighters.

Jefferies thinks the central bank is in a favorable place as the Fed’s next meeting later this month draws nearer. The markets are already factoring in a 0.75% rate hike on July 27 while Federal Open Market Committee members have maintained a hawkish tone.

Meanwhile, the U.S. Dollar Index is at 107.20, a drop of 0.15% but still up 12.36% so far in 2022.

This data indicated that the U.S. Stock Market will open firmly in the green which turns out to be true per the latest update at 10:00 A.M. EST.

CNBC: “Dow rebounds more than 200 points as investors bet on better-than-expected earnings”

As traders pored through more corporate earnings reports a day after the market failed to sustain a sharp improvement, stock futures rose on Tuesday morning.

Dow Jones Industrial Average futures ascend 240 points or 0.77%. Meanwhile, S&P 500 futures increase slowly by 1%, and Nasdaq 100 futures rose 1.03%.

As recession fears persist, Investors continued to assess second-quarter reports from major companies this week for clues on how businesses will handle economic pressures including greater inflation and stronger dollars.

After Johnson & Johnson reported its better-than-expected quarterly earnings and revenue, its shares climbed 1% in the premarket. This is with a note that the pharmaceutical giant also cut its full-year revenue and profit guidance.

Although Hasbro’s revenue for the previous quarter came in a tad below expectations, it managed to beat a Refinitiv forecast.

IBM shares dropped 5% in the premarket after it lowered its forecast of cash flow, even while reporting earnings that beat Wall Street’s earnings and revenue estimates.

Shares of Halliburton rose 1% in the premarket behind the sharply rising oil price that boosted profits for the company in its most recent quarter.

After the close this Tuesday, Netflix is set to report. Later this week, Tesla, United Airlines, American Airlines, Snap, Twitter, and Verizon are among those scheduled to report.

Roughly around 8% of S&P 500 companies have reported their second-quarter earnings and FactSet data shows that among those companies, about two-thirds had beaten analyst expectations.

Wedbush analyst, Kevin Merritt wrote in a Tuesday note saying “[While] I acknowledge sentiment is bad and we could see a large, tactical rally, I am currently more concerned about protecting downside than missing upside, in the aggregate.” This serves as a warning to investors to hold on to some cash and prepare for more losses ahead.