The major U.S. index futures are pointing to a markedly higher opening for Wall Street stocks on Tuesday, potentially extending the strong gains from the previous session. The third-quarter reporting season has provided a shot in the arm for the market, which was languishing amid multiple downward catalysts.
Monday, the major averages ended sharply higher, as traders reacted to both positive earnings and expectations of strong earnings. Financial services giant Bank Of America Corp. (NYSE:BAC) set the tempo with an above 6% upside following the release of its quarterly results.
