US STOCKS-Futures up on strong earns, Volcker comments eyed

* UPS beats view, shares rise

* Volcker to urge lawmakers curb big banks’ risk

* Retail, housing data on tap

* Futures up: S&P 2.1 pts, Dow 30 pts; Nasdaq 3.25 pts

* For up-to-the-minute market news, click [STXNEWS/US]
(Recasts, adds quote, byline)

By Rodrigo Campos

NEW YORK, Feb 2 (BestGrowthStock) – U.S. stock index futures rose
slightly on Tuesday as investors were encouraged by strong
earnings from companies, including economic bellwether United
Parcel Service.

UPS, (UPS.N: ) the world’s largest package delivery service,
reported a nearly 10 percent drop in fourth-quarter profit (Read more your timing to make a profit.), but
results beat expectations. The stock rose 1.4 percent to $59.20
in premarket trade. For details, see [ID:nN02235851]

“This week I think people are starting to look at the fact
that we’ve had one of the best earnings seasons in a while,”
said Art Hogan, chief market analyst at Jefferies & Co in
Boston.

Homebuilder D.R. Horton Inc (DHI.N: ) posted its first
quarterly profit in almost three years, helped by a large tax
credit, beating estimates and sending its shares up 7.5 percent
to $12.80 in premarket trade. [ID:nN02230517]

S&P 500 futures (SPc1: ) rose 2.1 points and were above fair
value, a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures (DJc1: ) gained 30
points, and Nasdaq 100 futures (NDc1: ) added 3.25 points.

According to the latest available Thomson Reuters data, 77
percent of the S&P 500 companies reporting so far have beaten
estimates.

Investors will also eye White House adviser Paul Volcker’s
testimony before a Senate panel urging lawmakers to curb risks
taken by large banks.

Volcker is expected to tell the Senate Banking Committee
that commercial banks’ proprietary and speculative activities
should not be protected by the government, according to
testimony obtained by Reuters. His comments could hurt bank
stocks, which tumbled when reports on the proposal broke last
month. [ID:nN01217116]

Redbook releases its retail sales index of department and
chain store sales for January at 8:55 a.m. EST (1355 GMT),
while the National Association of Realtors will issue pending
home sales for December at 10 a.m. (1500 GMT). Economists
surveyed by Reuters expect a 1.0 percent rise compared with a
16.0 percent fall in the previous month.

U.S. stocks (Read more about the stock market today. ) rose on Monday as better-than-forecast data
from the manufacturing sector and earnings from Exxon Mobil
Corp (XOM.N: ) revived bullish sentiment.

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(Editing by Jeffrey Benkoe)

US STOCKS-Futures up on strong earns, Volcker comments eyed