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Updated from 6:55 a.m. EST

Premarket futures were intimating a higher open for stocks in New York Tuesday, as traders heard some encouraging

quarterly earnings reports

and the polls opened for the U.S. presidential election.

Futures for the

S&P 500

were up 20 points at 989 and were 24 points ahead of fair value.


futures were up 26 points at 1367 and were 30 points better than fair value.

On Monday, stocks closed narrowly mixed as traders looked ahead to election day and several economic data points dampened investor enthusiasm.

Following Monday's close, credit-card company


(MA) - Get Mastercard Incorporated Report

took a net loss on charges related to its settlement of a legal scuffle with

Discover Financial Services

(DFS) - Get Discover Financial Services Report

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. Excluding the charge, however, MasterCard's earnings trumped the Street's forecasts.

Energy company

Anadarko Petroleum

(APC) - Get Anadarko Petroleum Corporation Report

reported that third-quarter profit climbed year over year and beat analyst estimates.

Farm products maker

Archer Daniels Midland

(ADM) - Get Archer-Daniels-Midland Company Report

reported profit that more than doubled year over year.

Pharmacy operator



announced Tuesday that its October same-store sales climbed 2% year over year.

Media firm


(VIA) - Get Via Renewables Inc. Report

wasn't so fortunate, as its earnings dropped 37% year over year.

Ahead of the new day's trading,

The Wall Street Journal

reported that the

Treasury Department

is mulling taking equity positions in financial companies beyond banks and insurers. According to the report in the



General Electric's

(GE) - Get General Electric Company Report

GE Capital segment and

CIT Group

(CIT) - Get CIT Group Inc. Report

are among businesses that may become eligible.

Elsewhere in the financials, Swiss bank


(UBS) - Get UBS Group AG Registered Report

announced it swung to a profit for the third quarter. The profitable quarter follows four straight earnings periods marked by losses on writedowns tied to mortgage securities.

Looking at the day's economic data, the Census Bureau is set to release its look at September factory orders.

In the realm of commodities, crude oil was rising 90 cents to $64.81 a barrel. Gold was adding $18.10 to $744.90 an ounce.

Longer-dated U.S. Treasury securities were declining in price. The 10-year was losing 4/32 to yield 3.93%, and the 30-year was lower by 15/32, yielding 4.35%. The dollar was rising vs. the yen but declining against the euro and pound.

Overseas, European exchanges, including the FTSE in London and the Dax in Frankfurt, were broadly trading higher. As for Asian stocks, Japan's Nikkei and Hong Kong's Hang Seng closed higher.


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