Stocks: Great expectations for Washington

Written By limadu on Selasa, 15 Oktober 2013 | 17.42

S&P Futures 151013 - Update 1

Click chart for in-depth premarket data.

NEW YORK (CNNMoney)

U.S. stock futures were edging higher ahead of the opening bell, with the S&P 500 index inching up by 0.2%.

U.S. stock markets finished Monday with a gain amid signs that Senate leaders were moving closer to an agreement to end the partial government shutdown and raise the country's debt limit. There are concerns that Washington will not be able to pay all of its bills if the country bumps up against its debt ceiling.

Even if the Senate gets a deal, it still needs to win support in the House of Representatives, which is far from certain.

Related: Fear & Greed Index

Earnings season picks up Tuesday, with results due before the opening bell from Citigroup (C, Fortune 500), Coca-Cola (KO, Fortune 500), Domino's Pizza (DPZ) and Johnson & Johnson (JNJ, Fortune 500). Yahoo (YHOO, Fortune 500) and Intel (INTC, Fortune 500) are set to report in the afternoon.

European markets were pushing higher in morning trading, tracking Wall Street's relief rally late Monday.

However, shares in Burberry (BBRYF) fell by nearly 4% after the company announced its CEO -- Angela Ahrendts -- would be leaving for a job at Apple (AAPL, Fortune 500).

Most major Asian markets ended the day with modest gains, also based on hopes for a U.S. deal. To top of page

First Published: October 15, 2013: 5:03 AM ET


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