US STOCKS-Futures rise as third-quarter earnings start on strong note

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* Futures up: Dow 0.38%, S&P 0.34%, Nasdaq 0.31%

By Sagarika Jaisinghani
Oct 15 (Reuters) - U.S. stock index futures rose on Tuesday,
as the third-quarter earnings season got off to an upbeat start
with robust reports from JPMorgan Chase, UnitedHealth and
Johnson & Johnson.
JPMorgan Chase & Co JPM.N gained 1.9% after beating Wall
Street estimates for quarterly profit by a wide margin,
underpinned by strength in bond trading, underwriting and home
lending revenue. But Goldman Sachs .GS.N slipped 0.9% as it reported a 27%
slump in quarterly profit, hit by lower fees from advising on
deals and weakness in underwriting. L3N26Z32P
Collectively, banks are expected to report a 1.2% decline in
earnings, their first year-on-year drop in three, due in part to
low interest rates and trade tensions. Wells Fargo WFC.N and Citigroup C.N are also due to
report on Tuesday, followed by Bank of America BAC.N and
Morgan Stanley MS.N later this week.
Shares of UnitedHealth Group Inc UNH.N and Johnson &
Johnson JNJ.N rose 2.9% and 1.7%, respectively. The healthcare
companies reported strong quarterly results and raised their
full-year profit forecasts. L3N2702L4 L3N2702TJ
The earnings reports will indicate the fallout from a
prolonged U.S.-China trade war on U.S. companies. The
tit-for-tat tariff moves have already hit domestic
manufacturing, dented business sentiment and rankled financial
markets.
S&P 500 companies were set to report their weakest quarterly
performance in about three years for the September quarter, with
industrial companies among those most at risk from the trade
dispute. President Donald Trump announced a partial trade deal with
China on Friday, but concerns linger as no agreement has been
signed yet and most tariffs on Chinese imports remain in effect.
The S&P 500 and Dow Jones indexes, which gained nearly 2%
last month, are off about 0.4% in October. The benchmark index
is now more than 2% away from its record high after coming
within striking distance in September.
At 7:00 a.m. ET, Dow e-minis 1YMcv1 were up 102 points, or
0.38%. S&P 500 e-minis EScv1 were up 10 points, or 0.34% and
Nasdaq 100 e-minis NQcv1 were up 24.25 points, or 0.31%.
Other companies reporting results this week include Netflix
Inc NFLX.O , Abbott Laboratories ABT.N and Union Pacific
UNP.N .
Shares of BlackRock Inc BLK.N , the world's biggest asset
manager, rose slightly after its quarterly profit beat analysts'
estimates. Home-furnishing retailer Bed Bath & Beyond Inc BBBY.O was
up 4% after Keybanc upgraded the stock to "overweight".
L3N2702TW
Shares of mobile game developer Glu Mobile GLUU.O jumped
9% as it is set to replace SolarEdge Technologies SEDG.O in
the S&P SmallCap 600. On a sour note, U.S. advertising company Omnicom Group Inc
OMC.N dropped 0.9% after falling short of estimates for
quarterly revenue. L3N2702U1