US Markets

Wall Street edgy after rally, more earnings ahead

November off to positive start on Wall Street
VIDEO1:3101:31
November off to positive start on Wall Street

U.S. stock index futures pointed to a lower open Tuesday, as investors paused for breath after the S&P 500 breached the 2,100-point level on Monday for the first time since August.

Major earnings due on Tuesday before the market open included Mosaic, Archer Daniels Midland, Discovery Communications and Mobileye.

Activision Blizzard, CBS, Cerner, Tesla Motors, Etsy, Fogo de Chao, Groupon, Herbalife, Newfield Exploration, U.S. Steel and Zillow are all due after the close.

Data releases due on Tuesday include factory orders at 10:00 a.m. ET and vehicle sales.

Stocks kicked off the first trading day of November with solid gains that took major averages to key levels. The Dow Jones Industrial Average closed in the green for 2015, joining the and the Nasdaq composite in positive territory for the year so far.

The S&P 500 gained more than 1 percent to top 2,100 points. The last time the index crossed 2,100 in intraday trade was August 18, and its last close above that level was on August 17.

Comments from Federal Open Market Committee members on Wednesday, with speeches from Chair Janet Yellen, Vice Chair Stanley Fischer and New York Fed President William Dudley will also be in focus. Traders will look for any hints on the timing and pace of an interest rate rise in the U.S.

In Europe, stocks were mixed following earnings from UBS and Standard Chartered.

Switzerland's biggest bank UBS posted third quarter net profit ahead of expectations but said it was under investigation from authorities concerning accounts relating to FIFA. Net profit for the three months to end-September was 2.1 billion Swiss francs ($2.12 billion), up from 762 million francs a year earlier. Shares of the bank were down as much as 5 percent.

StanChart announced plans on Tuesday to raise $5.1 billion in new capital via a rights offer and scrapped its dividend as CEO Bill Winters takes drastic action after swinging to an unexpected loss in the third quarter. Shares of the bank tanked over 9 percent after the news.