Futures Rise on European Confidence, Flood of Earnings

[Stocks-to-Watch]

Sentiment about Europe continued to improve on Tuesday, after U.S. indexes climbed back on Monday from a weak opening. Late on Monday, 25 out of 27 nations signed a deal agreeing to the outlines of a deal meant to tackle their debt problems and hold the union together. European stocks made solid gains, with the French CAC 40 up 1.5%.

Dow futures rose 47 points to 12,649; S&P 500 futures rose 5.3 points to 1,314.2.

Exxon Mobil (XOM) fell 1% in pre-market action after announcing fourth quarter production fell 9%. Pfizer (PFE) fell 0.6% on a mixed earnings report. UPS (UPS) beat earnings expectations and shares rose 1.2%.



Original Article Source by Barrons.com