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Futures move higher for second consecutive day

July 16, 2013

NEW YORK (AP) — U.S. stock futures are moving higher on strength in the financial sector.

Volume is light for the second consecutive day, however, with markets awaiting testimony from the chairman of the U.S. Federal Reserve on Wednesday.

Dow Jones industrial futures are up 8 points to 15,424. S&P futures have added 0.8 points to 1,678.30. Nasdaq futures are up 2.75 points to 3,075.75.

A day after Citigroup easily topped Wall Street expectations, Goldman Sachs did the same on Tuesday. The global investment and securities firm doubled its quarterly profits for the second quarter, and it posted revenue of $8.61 billion.

Coca-Cola is reporting declining profits and weak volume growth for the quarter.

Johnson & Johnson, CSX and Yahoo are also reporting earnings Tuesday.

The government posts consumer price data at 8:30 a.m. Eastern.

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