U.S. futures markets on Monday indicate traders may be ready to break a six-day losing streak on the Dow if Tuesday's round of earnings report can reassure investors that the economy is OK and not slowing.
Futures for the Dow Jones Industrial Average were up 0.15%, for the S&P 500 0.17% and for Nasdaq 0.19% at 9:50 p.m. EDT.
The futures follow another down day for industrial companies on Wall Street where traders began to worry about the effect of slumping oil prices. Meanwhile rosy earnings from tech companies are keeping Nasdaq buoyant. Many are already eager for Friday's jobs report for an indication of the U.S. economy's direction.
The Dow closed 0.15% lower and the S&P 0.13% while Nasdaq gained 0.43%.
Asia opened lower as investors contemplate a typhoon warning in Hong Kong while awaiting an expected interest-rate cut from Australia's central bank. The bank is expected to try to counter a strong Australian dollar and low inflation. The Hong Kong exchange was closed Tuesday morning because of the typhoon, but the Nikkei in Japan pared 0.69%, South Korea's Kospi 0.47% and Australia's ASX 0.15% at 9:57 p.m. EDT.
Perhaps the U.S. got its gloomy mood Monday from Europe where exchanges were lower across the board after a raft of European banks fared poorly in the latest round of stress tests. Germany's Dax slipped 0.07%, London's FTSE 0.45% and the CAC in Paris 0.69%.
The pound continues to languish below its post-Brexit $1.32 mark, gaining 0.05% in Asia to $1.3184 while the yen slipped 0.31% to 0.97 cents at 10:22 p.m. EDT.
After slipping in the U.S., oil recovered in early Asian trade with industry standard Brent crude for October delivery up 0.55% at $42.37 and U.S. West Texas cruide up 0.32% at $40.19 for delivery next month at 10:10 p.m. EDT.
In extended trading Monday, shares of Amkor Technology (AMKR - Get Report) leapt 14.42% to $6.45 after the Tempe, AZ-based semiconductor packaging and test services provider posted a profit while analysts were looking for a loss. The company said it made 2 cents per diluted share versus expectations of an 8 cent a share loss.
Revenue for the quarter was $917 million, above analysts' expectations of $876.3 million. The company credited demand from Android phone makers as well as a recovery at a Japanese plant that suffered recent earthquake damage.
For the third quarter, Amkor sees revenue between $1.01 billion to $1.09 billion. Analysts are modeling revenue of $943.3 million.
Over on decliners, shares of Tenet Healthcare (THC - Get Report) slipped 5.9% to $27.20 after the Dallas-based healthcare services company reported adjusted earnings of 38 cents per diluted share. Analysts were looking for earnings of 52 cents per share.
It blamed the miss on investments that helped same-hospital sales grow 4.4% in the past quarter compared with the same period in 2015. The company generated net operating revenues of $4.87 billion, higher than Wall Street's estimates of $4.83 billion.