Wall Street stocks are expected to start Tuesday positively, though the attentions will most likely be on the plethora of earnings reports due today.
The highlights will come later with Apple inc (NASDAQ:AAPL), Twitter Inc (NYSE:TWTR), eBay Inc (NASDAQ:EBAY) and Chipotle Mexican Grill Inc (NYSE:CMG) all due to report on the West Coast, after the close of trading in New York.
Investors are not without distraction in the meantime, however, as first there’s also financials reports from Procter & Gamble Co (NYSE:PG), T Mobile US Inc (NASDAQ:TMUS), Office Depot Inc (NASDAQ:ODP), 3M Co (NYSE:GGG) and Thomson Reuters (NYSE:TRI).
Broadly speaking, Wall Street stocks are seen in positive territory.
Dow Jones futures point some 45 points higher about an hour before opening bell at 17,946 while futures for the S&P 500 and Nasdaq are also indicating a rise – to 2,087 and 4,474 respectively.
The iPhone maker’s guidance for the second quarter suggests an 11% decline in revenue compared to the same period last year.
iPhone sales account for just under 70% of its total revenue, so it seems management expect sales to decline during the period, a continued trend from the last quarter.