NEW YORK (TheStreet) -- Stock futures were pointing to a higher open Tuesday as geo-political tensions eased and investors looked to earnings from Twitter (TWTR) - Get Free Report and Sprint (S) - Get Free Report.
- Late on Monday, Russia made assurances it would not invade Ukraine. Russian troops have reportedly left the Ukrainian border. An expanding list of Russian and Ukraine individuals have been hit by sanctions from the U.S. and E.U.
- Futures for the Dow Jones Industrial Average were rising 60.26 over fair value to 16,442.0 while futures for the S&P 500 were up 8.87 over fair value to 1,872.25. Futures for the Nasdaq were gaining 21.58 over fair value to 3,558.0
- On the economic calendar Tuesday, the S&P/Case-Shiller 20-city home price index is due at 9 a.m. with expectations for a gain of 0.7% in February after a 0.8% rise in January. Consumer confidence is due at 10 a.m. with consensus for an April result of 83 up from 82.3 in March. The Federal Open Market Committee icks off its two-day policy meeting Tuesday, with expectations for a further $10 billion cut to asset purchases that will be announced Wednesday.
- Stocks expected to see price action Tuesday include eBay (EBAY) - Get Free Report, Twitter, Sprint and Herbalife (HLF) - Get Free Report. eBay is forecast to post first-quarter earnings of 67 cents a share while Twitter is slated to report a loss of 3 cents a share. Merck (MRK) - Get Free Report posted profit of 88 cents a share, above expectations for 79 cents a share while Coach (COH) earned 68 cents share, 7 cents above estimates. Herbalife said Monday that quarterly earnings fell to 74 cents a share from $1.14 a share a year earlier.
- In international markets, Germany's DAX was rising 1.41% while the U.K. FTSE was 0.83% higher. The Hang Seng closed 1.45% higher while the Tokyo Stock Exchange was closed for a national holiday.
- The U.K. economy grew 0.8% in the first quarter, slightly below expectations. Year on year, gross domestic product lifted 3.1%, the Office for National Statistics said Tuesday.
- Markets closed mixed Monday, the S&P 500 and Dow higher while the Nasdaq was broadly flat. M&A activity boosted indices, which were rocked by volatility amid further sanctions linked to Ukrainian unrest. Russia's former finance minister said Monday that Western sanctions may halt economic growth or cause a recession. Separately, European Central Bank President Mario Draghi reportedly told German parliamentarians Monday that the ECB was far from engaging in further stimulus.
-- By Jane Searle in New York