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Barchart
Oleksandr Pylypenko

S&P Futures Tick Higher as Investors Weigh Economic Outlook, Tesla Earnings on Tap

September S&P 500 futures (ESU23) are trending up +0.08% this morning after three major U.S. benchmark indices ended the regular session higher as investors weighed the latest batch of earnings reports from major companies and digested U.S. retail sales data.

In Tuesday’s trading session, the benchmark S&P 500 and the blue-chip Dow rose to 15-month highs, while the tech-heavy Nasdaq 100 notched a 1-1/2 year high. Morgan Stanley (MS) climbed more than +6%, while Bank of America Corp (BAC) gained over +4% after both big U.S. banks reported better-than-expected Q2 results. Also, Charles Schwab Corp (SCHW) surged more than +12% and was the top percentage gainer on the S&P 500 after the firm’s Q2 results topped Wall Street consensus. In addition, Microsoft Corporation (MSFT) soared about +4% after the U.S. tech giant provided details on pricing for some artificial intelligence services.

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