U.S. futures soft as traders eye results from Morgan Stanley, Tesla and IBM

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U.S. futures soft as traders eye results from Morgan Stanley, Tesla and IBM
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Higher Treasury yields following news of stronger U.K. inflation weigh on sentiment.

Investors were cautious ahead of another batch of U.S. earnings that include Tesla Inc, Morgan Stanley and International Business Machines Corp.

How are stock-index futures trading On Tuesday, the Dow Jones Industrial Average DJIA fell 11 points, or 0.03%, to 33977, the S&P 500 SPX increased 4 points, or 0.09%, to 4155, and the Nasdaq Composite COMP dropped 4 points, or 0.04%, to 12153. The mixed nascent U.S. first quarter corporate earnings season has left stocks struggling to extend their recent rally. The S&P 500 remains stuck within, though near the top, of the 3,800 to 4,200 range it has inhabited for about five months.

“We did get several earnings releases to chew over, but they were pretty mixed overall and didn’t point to an obvious conclusion for investors, and it was much the same from yesterday’s limited round of data,” he added.

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