NEW YORK (TheStreet) -- U.S. stock futures pointed to a higher Wall Street open Tuesday, following the upside action in global markets which got a boost from U.S. retail sales that came in better than expected.
European stocks were rising while Asian shares finished Tuesday's trading session with gains. Japan's Nikkei 225 index rose 1.4% to close at 8,701.31
The economic calendar in the U.S. Tuesday includes the consumer price index for September at 8:30 a.m. EDT, industrial production and capacity utilization data for September at 9:15 a.m., and the National Association of Home Builders housing market index for October at 10 a.m.
U.S. stocks on Monday closed higher after retail sales for September exceeded expectations and Citigroup (C) delivered above-consensus earnings. The Dow Jones Industrial Average rose more than 95 points, or 0.72%, to finish at 13,424.
President Obama and Mitt Romney face-off Tuesday in the second presidential debate at Hofstra University on New York's Long Island. The 90-minute debate, which begins at 9 p.m., will be conducted in a town-hall format. Obama is looking to perform better than in the first debate, at which Romney was viewed as the clear victor.
Goldman Sachs (GS), the investment bank, is expected by analysts Tuesday to report third-quarter earnings of $2.12 a share on revenue of $7.30 billion.
Health care company Johnson & Johnson (JNJ) is expected Tuesday to post third-quarter profit of $1.21 a share on revenue of $16.95 billion.
Tech giants IBM (IBM) and Intel (INTC) post numbers after Tuesday's closing bell. Wall Street is looking for earnings of $3.62 a share from IBM on revenue of $25.38 billion, while analysts see Intel, the No. 1 chipmaker, posting quarterly profit of 49 cents a share on revenue of $13.23 billion. .
Coca-Cola (KO) and UnitedHealth (UNH) also are highlights of Tuesday's earnings calendar. Other notables before the bell include Domino's Pizza (DPZ), Forest Laboratories (FRX), Mattel (MAT), Omnicom (OMC), PNC Financial (PNC), State Street (STT), W.W. Grainger (GWW), and Wolverine World Wide (WWW). Companies reporting after Tuesday's closing bell include Apollo Group (APOL), Cree (CREE), CSX Corp. (CSX), Intuitive Surgical (ISRG), Sonic Corp. (SONC), and United Rentals (URI).
Yahoo! (YHOO) has tabbed Henrique de Castro, one of Google's (GOOG)top advertising executives for the past two years, as the Internet company's chief operating officer.
Starbucks (SBUX)will begin selling its new Verismo coffee and espresso brewer in U.S. stores on Tuesday.
-- Written by Joseph Woelfel
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