NEW YORK (AP) - U.S. stock futures are edging higher Tuesday, suggesting a higher open for the market, as more companies report earnings.
NEW YORK (AP) — U.S. stock futures are edging higher Tuesday, suggesting a higher open for the market, as more companies report earnings.
KEEPING SCORE: Dow Jones industrial average futures were up 42 points, or 0.2 percent, to 16,440 as of 9:08 a.m. Eastern time. Standard & Poor's 500 index futures gained four points, or 0.2 percent, to 1,870 and Nasdaq futures rose six points, or 0.2 percent, to 3,547.
COST-CUTTING BOOST: Merck edged up 57 cents, or 1 percent, to $57.25 in pre-market trading after the drugmaker reported a 7 percent rise in first-quarter profit, well ahead of Wall Street expectations.
KORS FOR CONCERN: Coach fell $8.90, or 4.7 percent, to $45.95 ahead of the open after the maker of luxury handbags said its profit fell in the first three months of the year. Profit declined as sales in North America came under pressure from competitors like Michael Kors Holdings.
TREASURIES AND COMMODITIES: In government bond trading, prices edged lower. The yield on the 10-year Treasury note rose to 2.72 percent from 2.74 percent on Monday. The price of oil rose $1.03, or 1 percent, to $101.87 a barrel.