NEW YORK (CNNMoney.com) -- U.S. stocks were set for gains Tuesday, looking to extend the previous session's rally, as investors braced for another round of corporate results and reports on housing and consumer confidence.
Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were higher ahead of the opening bell.
Futures measure current index values against perceived future performance.
After ending the previous week higher, stocks climbed again Monday,rising after FedEx (FDX, Fortune 500) boosted its forecast and better-than-expected housing data eased worries about the economic outlook.
"Seeing that we've been rallying for so many days now, a pullback today wouldn't be out of the question, but overall the market is heading higher," said Rick Fier, an equity trader at Conifer Securities. "As long as earnings and revenue continue to come in like this, stocks look like they are going to continue to chug away through earnings season."
Company results: With more than 100 companies reporting results this week, investors awaited a fresh batch of second-quarter figures Tuesday.
Earnings are currently on track to have risen 34% from a year ago, according to earnings tracker Thomson Reuters.
Before the opening bell, BP (BP) booked a massive quarterly loss of $17.2 billion due to costs related to the Gulf of Mexico oil spill. The company also announced early Tuesday that Tony Hayward will step down as chief executive and be replaced by American Robert Dudley effective Oct. 1.
BP shares were up slightly in premarket trading.
Economy: The Case-Shiller 20-city home price index is expected to have risen 4% in May after rising 3.8% in April.
After the start of trading, the Conference Board releases the Consumer Confidence index for July. The index is expected to have fallen to 51 in July from 52.9 in June.
World markets: European shares were higher in the early going. The CAC 40 in France gained 1%, Germany's DAX rose 0.7% and the FTSE 100 added 0.8% in the early going.
Asian markets finished the session mixed. Japan's benchmark Nikkei index edged down 0.1% and the Hang Seng in Hong Kong ended 0.6% higher.
Currencies and commodities: The dollar was flat versus the euro, up versus the Japanese yen, but down against the British pound .
U.S. light crude oil for September delivery edged up 12 cents to $79.10 a barrel.
COMEX gold's August contract gained 50 cents to $1,183.60 per ounce.
Bonds: Treasury prices fell, and the yield on the 10-year note edged up to 3.02% from 3% late Monday. Bond prices and yields move in opposite directions. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
|
Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands. More |
Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More |
Honda and General Motors are creating a new generation of fully autonomous vehicles. More |
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More |
Whether you hedge inflation or look for a return that outpaces inflation, here's how to prepare. More |
