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Stock market today: Dow futures jump over 200 points as earnings roll in

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Earnings Reports Nyheter

Dow,United Health,The Federal Reserve

Stocks eyed a broader comeback from a steep sell-off as investors digested results from Bank of America and other heavyweights.

Dow futures popped on Tuesday, with US stocks eyeing a broader comeback as a wave of earnings reports lifted a market faced with bond yields at multimonth highs and rising tensions in the Middle East. Dow Jones Industrial Average futures gained 0.6%, coming off a six-session run of losses. Futures on the S&P 500 and the tech-heavy Nasdaq 100 also revived to hover above the flatline.

United Health shares added almost 7% after the healthcare group beat quarterly profit estimates, even as it said it expects to take a $1.6 billion from a February cyberattack. Investors were digesting more big bank results: Bank of America reported that first-quarter profit dropped 18% year-on-year as a key revenue source weakened, while Morgan Stanley stock rose as it topped expectations. Elsewhere, BNY Mellon posted a profit beat while Johnson & Johnson reported a revenue miss.

 

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