NEW YORK (TheStreet) -- Stock futures were edging higher Tuesday as investors balanced upbeat earnings from Delta Air Lines (DAL) and Travelers Companies (TRV) with a worse than expected government job creation report that fueled expectations that the Federal Reserve will delay any tapering until early 2014 at the earliest. Apple (AAPL) shares were also providing a boost, rising ahead of its iPad event in San Francisco.
Futures for the S&P 500 were up 5.75 points, or 4.94 points above fair value, to 1,744. Futures for the Dow Jones Industrial Average were ahead by 52 points, or 40.35 points above fair value, to 15,374. Futures for the Nasdaq were up 13.3 points, or 21.07 points above fair value, to 3,367.3.
Delta Air Lines shares were advancing 3.8% to $25.62 after beating earnings estimates, reducing debt, paying a dividend and buying back shares. The moves were underscoring its commitment to lure investors back to the airline industry.
Travelers Companies was rising 2% to $88.50 after the insurance company exceeded third-quarter earnings expectations by 28 cents at $2.35 a share as underwriting margins strengthened. The company also added $5 billion to its share repurchase program.
United Technologies (UTX), the world's largest maker of elevators and air conditioners, was falling 0.58% to $107, after surpassing third-quarter earnings by a penny at $1.55 a share on worse than expected sales amdi the ongoing weakness in military aerospace markets and slow pace of recovery in Europe. The company is now expecting full year sales of about $63 billion, down from the previous estimate of $64 billion.