NEW YORK (AP) — Stocks are headed higher as investors weigh President Barack Obama’s State of the Union address and another round of corporate earnings.
Xerox, Eastman Kodak, United Technologies and WellPoint are all releasing quarterly results before the market opens Wednesday. Starbucks, Qualcomm and Netflix report their earnings after the market closes.
The results come just a day after Obama said the government should do more to create jobs and bolster the economy. He called for an overhaul of corporate taxes that would eliminate many loopholes and lower rates.
Ahead of the opening, Dow Jones industrial average futures are up 26 points, or 0.2 percent, at 11,948. Standard & Poor’s 500 index futures are up 5, or 0.4 percent, at 1,293. Nasdaq 100 index futures are up 8, or 0.3 percent, at 2,309.
