Dow futures rose 100 points on better-than-expected earnings

Dow futures rose on Tuesday on earnings reports that largely topped Wall Street expectations.

Both Caterpillar and United Technologies posted earnings that beat estimates, sending futures on the 30-stock index up 100 points. The Dow’s implied opening was also more than 130 points higher.

Caterpillar shares jumped more than 4 percent after the company’s report was released. Shares of General Motors, McDonald’s and Biogen also rose after quarterly results were released.

However, shares of Alphabet and 3M, Google’s parent company, fell in the pre-market even though their shares beat Wall Street expectations.

S&P 500 futures contracts also increased, increasing by 6.25 points. Nasdaq futures rose by 2.5 points, but indicated a flat opening.

Wall Street has also turned its attention to the Federal Reserve. The work of the Federal Open Market Committee (FOMC) will begin. on Tuesday, the first day of a two-day meeting during which the US central bank is expected to look at the current health of the US economy and consider what it should do next in terms of strategy, interest rates and its balance sheet.

Key economic data due for release on Tuesday includes the Philadelphia Fed’s non-manufacturing outlook survey, due at 8:30 a.m. EST.

This will be followed by the release of the FHFA Home Price Indexes and the S&P CoreLogic Case-Shiller Home Price Indexes, both of which will be released around 9:00 a.m. EST. Meanwhile, at At 10 a.m. EST, consumer confidence data and the Richmond Fed’s manufacturing activity survey will be released.

In the political sphere, investors will be on the lookout for any news from the White House due to the noise surrounding the Russia scandal and the president’s policies.

Meanwhile, President Donald Trump will meet with Lebanese Prime Minister Saad Hariri at the White House on Tuesday, where they will discuss, among other things, the fight against terrorism, among other topics common to both leaders.

I’m looking for oil prices rose on Tuesday after major oil producer Saudi Arabia promised to cut exports to stem oversupply.

On Tuesday at 7:47 a.m. EST, oil prices saw a significant increase, with U.S. crude hovering around $47.13 and Brent crude at around $49.43 per barrel.

In Europe the stock exchanges were negative in the morning, however Asia-Pacific markets ended trading on a relatively mixed note or lower. In the previous session US stocks ended trading mostly at lower levels.

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