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US stock futures cautiously higher as big earnings week gathers pace

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U.S. stock index futures were cautiously higher Tuesday morning as investors hope for better-than-expected earnings from a host of corporate giants in the coming days.

beat forecasts with a $1.4 billion net profit for the second quarter, with gains in its advisory business offsetting investment banking losses.

Economic data will also be in focus, with May's Federal Housing Finance Agency House Price Index due at 9:00 a.m. ET and June's existing home sales figures set for release at 10:00 a.m. ETsaid it expects strong revenue and profit growth in the third quarter following an increase in deliveries of its 3D optical sensors, which helped swing it back to profit in the second quarter.

On Monday, Applied Materials, Micron Technology and Lam Research all rose at least 3.7% after Goldman Sachs upgraded them.

 

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