Stock Futures Rise; Goldman Beats, Citigroup's Pandit Steps Down
NEW YORK ( TheStreet) -- Stock futures were poised for a higher Wall Street open on Tuesday amid a day filled with strong earnings reports from the likes of Goldman Sachs (GS - Get Report), Coca-Cola (KO - Get Report) and Johnson & Johnson (JNJ).
The U.S. consumer price index jumped 0.6% in September as higher gasoline prices contributed to the increase. Excluding food an energy, CPI climbed 0.1%, the same as August.
"I think the market is holding onto the gains from yesterday amid signs we could see some progress with Spain and its possible bailout, and obviously we're continuing to watch the earnings reports come out," said Alan Gayle, senior investment strategist at RidgeWorth Investments.The FTSE 100 in London was up about 1%, while the DAX in Germany was gaining 1.2%. Japan's Nikkei average rose 1.4% overnight to close at 8,701. Hong Kong's Hang Seng rose 0.28%. A senior official within the Spanish ministry of economy told the Financial Times the country would consider a request for a credit line in order to fulfill conditions of the European Central Bank to start a fresh round of bond purchases. September consumer prices rose 0.4% in the United Kingdom, while raw material and fuel costs fell 0.2% in September against a 1.9% rise in August. Gold for December delivery was adding $5.60 to $1,743.20 an ounce at the Comex division of the New York Mercantile Exchange, while November crude oil contracts were shedding 3 cents to $91.82 a barrel. The benchmark 10-year Treasury was dipping 12/32, boosting the yield to 1.70%. The dollar was down 0.48%, according to the
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