Wall Street Might Open Lower

Trading on Tuesday may be impacted by reaction to the latest quarterly reports.

In the pre-market session, healthcare major Johnson and Johnson reported 26 percent decline in fourth-quarter earnings, while adjusted earnings beat estimates. Revenue missed estimates.

Early cues from the U.S. Futures Index suggest that Wall Street might open lower.

Asian shares finished modestly up, while European shares are trading down.

As of 7.15 am ET, the Dow futures were down 97.00 points, the S&P 500 futures were declining 10.75 points and the Nasdaq 100 futures were sliding 47.25 points.

The U.S. major averages remained firmly positive at the close on Monday. The Nasdaq soared 223.98 points or 2.0 percent to 11,364.41, the S&P 500 jumped 47.20 points or 1.2 percent to 4,019.81 and the Dow climbed 254.07 points or 0.8 percent to 33,62.56.