Stock futures traded slightly lower Tuesday evening after closing higher during the regular trading day, with investors' optimism over rebounding corporate earnings helping counterbalance ongoing concerns over the coronavirus.
Stocks gained on Tuesday, shaking off declines from a day earlier as a number of closely watched companies topped quarterly earnings estimates.
The American Petroleum Institute on Tuesday reported that U.S. crude inventories fell by 879,000 barrels last week, according to sources. Gasoline supplies were said to fall by 5.8 million barrels, while distillate inventories were down 717,000 barrels. The Energy Information Administration will release official data on Wednesday morning. Analysts surveyed by S&P Global Platts, on average, look for the EIA data to show crude inventories down by 4 million barrels last week. Gasoline stocks are ex