Dow Futures Rise After Tuesday’s Rally, Tesla Earnings Loom—and What Else Is Happening in the Stock Market Today

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Corporate earnings season continues this week.

AFP via Getty Images

Stocks were moving higher again Wednesday after their best day in almost a month, as investors remain focused on corporate earnings and the global economic outlook.

Futures for the Dow Jones Industrial Average rose 20 points, or 0.1%, after the index rallied 754 points on Tuesday to close at 31,827. S&P 500 futures signaled a start 0.1% into the green with the tech-stock-heavy Nasdaq poised to advance 0.2%; the S&P 500 and Nasdaq gained 2.8% and 3.1% in the last session, respectively. Tuesday was the best day for each of the three indexes since June 24.

Overseas, the pan-European Stoxx 600 rose 0.2% and Tokyo’s Nikkei 225 took its queue from Wall Street’s strong finish in the prior session to end 2.7% higher.

Investors poured back into stocks on Tuesday amid a return of risk-sentiment to the market, which looks to be continuing Wednesday. But inflationary pressures and the risk of recession continue to loom large, as does the continuing corporate earnings season.

“Despite Tuesday’s more positive trading session, we don’t expect a sustained improvement in market sentiment until investors get greater clarity on the outlook for the economy, central bank policy, and political risks,” said Mark Haefele, the chief investment officer at UBS Global Wealth Management. “Uncertainty in all of these areas remains elevated, in our view.”

Write to Jack Denton at jack.denton@dowjones.com