By Shreyashi Sanyal
(Reuters) – US stock index futures rallied on Tuesday, with a bullish profit forecast from Johnson & Johnson adding to the positive momentum generated by the balance sheets of major banks last week.
In the pre-market, Johnson & Johnson shares were up 1.7% after the company raised its 2021 adjusted earnings forecast, even though it maintained an estimate of $2.5 billion in sales of its Covid-19 vaccine. in this year.
Shares in Walmart Inc were up 2% after Goldman Sachs added the world’s largest retailer to its “Conviction List” in the US.
Facebook Inc, Apple Inc, Amazon.com Inc, Alphabet Inc and Microsoft Corp – large technology and communication companies – gained between 0.3% and 0.7%. Netflix Inc was up 0.1% before releasing its quarterly results later in the day.
The Dow e-minis was up 0.53%, the S&P 500 e-minis was up 0.51%, and the Nasdaq 100 e-minis was up 0.41%.
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