Futures edge higher on upbeat earnings

REUTERS: U.S. stock index futures rose on Tuesday, after another batch of strong corporate earnings eased concerns over domestic growth and the fallout from the prolonged U.S.-China trade war.

Procter & Gamble Co gained 4.6per cent in premarket trading after raising full-year forecasts and beating Wall Street estimates. Harley-Davidson Inc rose 6.7per cent as it beat quarterly profit expectations, while United Technologies Corp gained 1.7per cent on a forecast raise.Of the 75 S&P 500 companies reporting results by Monday, over 80per cent had topped Street estimates. Still, analysts expect the first earnings contraction since 2016 in the backdrop of a slowing domestic economy and the trade war.

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