U.S. stock futures point higher as earnings season continues

U.S. stock futures pointed to a return to winning ways Tuesday, as traders grappled with concerns over how the global economy will withstand a more deadly variant of coronavirus as well as Chinese regulatory action.

U.S. stocks couldn’t hold early gains on Monday as the Dow Jones Industrial Average DJIA, -0.28% and the S&P 500 SPX, -0.18% each ended lower, while the tech-heavy Nasdaq Composite squeaked out a slight gain. The combined volume on the New York Stock Exchange and Nasdaq was the seventh lowest of the yearMask mandates have been reintroduced in various U.S. regions including Louisiana and San Francisco to confront the delta strain of coronavirus. The U.S.

There’s plenty of earnings still coming. Mall operator Simon Property Group SPG, -0.16% late Monday raised its full-year guidance and lifted its dividend payment after reporting 92% occupancy, while office building owner Vornado Realty Trust VNO, -0.46% met second-quarter estimates and reported a 97% rent collection rate .

Outdoor clothing maker Columbia Sportswear COLM, +1.80% lifted its sales guidance. Video-games maker Take-Two Interactive TTWO, -0.12% guided toward a weaker current quarter than analysts expected, and Chinese video games makers including Tencent 700, -6.11% tumbled in Hong Kong trade after a report suggested authorities would take action against them.

In Europe, oil giant BP BP, -0.41% and Chrysler maker Stellantis STLA, +0.57% advanced after their quarterly results.

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