Futures for the Dow Jones Industrial Average indicated an open 100 points higher after the index slipped 36 points Monday to close at 35,258. Futures for the S&P 500 and Nasdaq signaled a similar start.

Overseas, Hong Kong’s Hang Seng Index rose 1.5%, rebounding from losses Monday driven by Chinese growth fears. The pan-European Stoxx 600 was 0.2% higher.

But even as macro concerns over inflation and central bank stimulus remained, investors appeared more ready to focus on the wave of corporate earnings coming down the pipe. In the spotlight will be how supply-chain disruptions have weighed on profits, as well as company outlooks for the year ahead.

Groups reporting earnings Tuesday include Johnson & Johnson (ticker: JNJ), Philip Morris (PM), Procter & Gamble (PG), Netflix (NFLX), Snap (SNAP), and United Airlines (UAL).

Analyst Michael Hewson of broker CMC Markets added that “while it’s been notable that most have cited concerns about rising costs, as well as supply-chain disruptions, we haven’t seen many significant profit downgrades yet.”

The price of Bitcoin was inching closer to its all-time high amid expectations that a landmark ETF from ProShares tracking Bitcoin futures would begin trading Tuesday. The leading crypto was up to around $62,300.

The crypto reached an all-time high of nearly $65,000 in April, according to data from CoinDesk, with Dow Jones Market Data recording a record high of near $63,500. Bitcoin has climbed some 425% since mid-October 2020, when it was changing hands around $12,000.

 

 

Here are four stocks on the move Tuesday:

Delivery Hero (DHER.Germany), a major player in the international food delivery market, rose 1.5% in Frankfurt after making a $235 million investment in a Berlin-based on-demand grocery delivery company.

Mining giant BHP (BHP) rose 1.6% in London after a quarterly production update. While iron ore output dropped due to maintenance at a mine and supply-chain disruptions, petroleum output rose.

Ericsson ‘s (ERIC) B-class stock, which matches the U.S.-listed shares, fell as much as 3.4% in Stockholm before paring losses to settle 0.9% lower. The Swedish telecommunications giant reported earnings that were better than estimates, in large part due to strong sales of 5G equipment. But it reported a loss of market share in China and was hit by supply chain problems.

Danone (BN.France) fell 2.8% in Paris after the food products giant reported inflation pressures and a slowdown in sales in the last quarter. But it held its 2021 guidance and said it would return to profitable growth by the end of the year.

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