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Wall Street set for gains as JPMorgan, J&J kick off earnings

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U.S. stock index futures gained on Tuesday as better-than-expected trade data from China and signs some economies might be preparing to ease ...

REUTERS: Wall Street's main indexes were set to open higher on Tuesday as the quarterly earnings season began in earnest with JPMorgan Chase and Johnson & Johnson offering the first glimpse of the coronavirus outbreak's impact on corporate America.

Analysts expect a 10.2per cent slide in earnings in the first quarter and a 22.4per cent slump in the second, according to IBES estimates from Refinitiv. President Donald Trump said late on Monday his administration was close to completing a plan to re-open the economy, but some state governors said the decision to re-start businesses lies with them.

 

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