Solid earnings boost futures
U.S. stock index futures rose on Tuesday after strong quarterly results from bellwethers Apple and Caterpillar pointed to a strong earnings season.
* Apple Inc's
* U.S. machinery maker Caterpillar Inc
* DuPont Co
* Texas Instruments Inc
* Drugmaker Pfizer Inc
said quarterly profit was up and beat estimates, while diversified U.S. manufacturer United Technologies Corp
* Soft drink giant Coca-Cola Co
* It is an earnings-driven market right now, said Andre Bakhos, president of Princeton Financial Group in North Brunswick, New Jersey.
* As long as well perceived earnings continue to be reported, this will serve as fuel for the market.
* S&P 500 futures rose 7.1 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 51 points, while Nasdaq futures gained 19.25 points.
* Adecco SA
* IMS Health Inc
* Boeing Co
* Economic data for Tuesday includes U.S. housing starts data for September as well as U.S. producer prices data, both due at 8:30 a.m. EDT <1230 GMT>.
* European shares were up Tuesday. Asian stocks rose to a 14-month high after strong sales numbers from Apple suggested U.S. consumers are spending more and as the weak U.S. dollar pushed commodity prices higher.
* U.S. stocks advanced to fresh 12-month highs on Monday as investors rode the wave of solid quarterly earnings.
* The Dow Jones industrial average <.DJI> added 96.28 points, or 0.96 percent, to end at 10,092.19. The Standard & Poor's 500 Index <.SPX> gained 10.23 points, or 0.94 percent, to 1,097.91. The Nasdaq Composite Index <.IXIC> added 19.52 points, or 0.91 percent, to 2,176.32.
(Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)
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