Oliver Gray 

Investing.com – U.S. stock futures moved modestly higher on Tuesday evening after major benchmark indices rebounded from recent losses during regular trade, however, traders remain cautious of a potential recession after Federal Reserve Chair Jerome Powell noted at a Wall Street Journal conference on Tuesday that “there won’t be any hesitation” about raising rates until inflation is under control.

They were at 6:45 ET (10:45 GMT) up 0.1% each while gaining 0.2%

QualTek Services Inc. (NASDAQ) rose 23.1% following Q1 losses. The loss of 20c per share beats expectations. Meanwhile, revenue was at $148.2million, which is $137.51 million more than expected.

Corporacion America Airports (NYSE): The stock rose 0.2% to $0.16 after the Q1 EPS, which was x on revenues of $226.74million versus $258.1 million.

QuickLogic Corporation (NASDAQ) dropped 6% following Q1 losses at 6 cents per shares, compared to 7 cents. Revenues for the quarter were $4.1 million, which was lower than expected at $4 million.

Agilysys Inc (NASDAQ: ) rose 11.3% following Q4 EPS at 24 cents. That beats estimates of 17 cents. With revenues of $46.6 million, revenues were $43.78m higher than estimates.

On Wednesday, corporate earnings will continue to increase. Target Corporation (NYSE:) and Lowe’s Companies Inc (NYSE:) reporting results before the opening bell. Investors will continue to monitor new data throughout the week. They are due Friday morning.

During Tuesday’s trading session, the jumped 431.17 points, or 1.34%, to 32,654.59, the added 2% to 4,088.85 and the added 2.76% to 11,984.52.

Major financial players were boosted after Warren Buffett’s conglomerate revealed it added a nearly $3 billon stake in Citigroup Inc (NYSE 🙂 for the first quarter. Citizens Financial Group Inc (NYSE:) gained 3.7% JPMorgan Chase & Co (NYSE:) added 3.3%, Bank of America Corp (NYSE:) lifted 3.4% and Morgan Stanley The stock market gained 3.8%

United Airlines raised its quarterly revenue outlook based on increased consumer demand. This was followed by a boom in travel-related companies. JetBlue Airways Corp. (NASDAQ:), rose 8.2%. Delta Air Lines Inc. American Airlines Group (NASDAQ) increased 7.7%, and United Airlines Holdings Inc was up 7.9%.

Yields for the bond markets were 2.995%