U.S. stock futures point to a strong advance for the Dow at Tuesday's open as JPMorgan and J&J kick off earnings season.
, kicked off earnings season before the bell Tuesday. The impact of the virus on business might be somewhat muted as state stay-at-home orders were taking effect towards the end of the January-to-March quarter. during the surge in market volatility in the first quarter.
The company reported a worse-than-expected 78 cents per share as it added $6.8 billion to loan loss provisions. Shares of J&J were up about 3% in premarket trading after the company reported better-than-expected adjusted earnings of $2.30 per share in the first quarter on better-than-expected revenue of nearly $20.7 billion. The U.S. drug giant raised its quarterly dividend.
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