Futures Higher Amid Ongoing EU Hopes
U.S stock index futureswere higher Tuesday, with stocks poised to post a third-straight day of gains, amid ongoing optimism the ECB will act soon ease the euro zone crisis.
Investors remained optimistic following ECB President Mario Draghi's comments last week in support of a bond-buying program to help lower borrowing costs in Spain and Italy.
Meanwhile, German industrial orders fell more than expected in June, further supporting idea of further action from the ECB.
On the economic front, consumer credit data for June from the Federal Reserve is due at 3 p.m. New York time. Economists polled by Briefing.com forecast a $10 billion rise, a fall from May’s $17.1 billion increase.
Fed Chairman Ben Bernanke is scheduled to speak on financial education at 2:30 p.m. New York time at a teacher town hall meeting.
The Federal Reserve will also auction $32 billion 3-year bills and $40 billion 4-week notes on Tuesday.
Google and Apple among other groups have made bids for bankrupt Eastman Kodak's patents, according to the Wall Street Journal. Kodak filed for Chapter 11 bankruptcy in January and is planning on auctioning more than 1,000 digital patents.
Officials have fully containeda huge fire at the Chevron refinery in Richmond, California, but the extent of the damage to the plant was not known. Chevron shares were unchanged.
Among earnings, CVS Caremark gained after the pharmacy chain posted higher quarterly earnings and boosted its full-year forecast.
Sirius XM Radio rallied after the satellite radio provider reported better-than-expected revenue and boosted its earnings outlook for the year.
Disney , Priceline and Express Scripts areslated to post earnings after the closing bell.
U.S. Home Systems surged after Home Depot
The government is scheduled to auction $32 billion in 3-year notes with the results available shortly after 1pm ET.
—By CNBC’s JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)
Coming Up This Week:
TUESDAY: 3-yr note auction, Bernanke speaks, consumer credit; Earnings from Disney, Priceline.com, Express Scripts
WEDNESDAY: Weekly mortgage apps, productivity & costs, oil inventories, 10-yr note auction, AmEx investor mtg, Kodak patent auction, McDonald's same-store sales; Earnings from Computer Sciences, Dean Foods, Macy's, Ralph Lauren, Rio Tinto, Soda Stream, NewsCorp
THURSDAY: International trade, jobless claims, wholesale trade, 30-yr bond auction, Manchester United pricing; Earnings from Advanced Auto Parts, Kohl's, Nordstrom
FRIDAY: Import/export prices, USDA crop production report, Manchester United IPO; Earnings from JCPenney
More From CNBC.com: