Earnings whip up risk appetite as Wall St sees higher open

Published by
Reuters

By Shreyashi Sanyal (Reuters) -U.S. stock indexes were set to open higher on Tuesday as upbeat results and forecasts from Johnson & Johnson and Travelers fired up risk appetite, after big banks kicked off the third-quarter reporting period on a positive note last week. Investors are now focusing on results from companies that are more exposed to supply chain constraints, price rises and labor shortages. Johnson & Johnson’s shares rose 0.2% after it raised its 2021 adjusted profit forecast, even as it stuck to its outlook of $2.5 billion in sales from its COVID-19 vaccine this year. Travelers C…

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