Consolidation Likely Amid Mostly Positive Reaction to Earnings
The major U.S. index futures are pointing to higher opening on Tuesday, with sentiment still continuing to be upbeat amid the release of mixed earnings news. Meanwhile, strong earnings lifted the markets across the Atlantic, although a report showing a drop in German economic sentiment has tempered some of the buoyancy. The dollar is still firm, while the price of oil has seen a pullback. However, economic worries linger. With the news emerging out that Greece’s creditors are considering different possibilities, including a Grexit, economic concerns continue unabated. In the absence of any other major economic catalysts, the markets could go through a session of consolidation.
4/21/2015 4:21:34 PM Stocks turned in a mixed performance during trading on Tuesday following the rally seen in the previous session. While the Nasdaq hovered in positive territory throughout the session, the Dow and the S&P 500 both spent much of the day in the red.