U.S. stock index futures rose Tuesday morning, boosted by an important round of first-quarter earnings results that topped Wall Street expectations and suggested many companies are faring better than feared despite a tough economic backdrop. S&P 500 futures were 0.5% higher, while Dow Jones Industrial Average futures added 41 points, or 0.1%. Nasdaq 100 futures rose 0.8%. The moves came after the major averages gained to kick off a stacked week of corporate earnings. Bank of America added 1.5% before the bell after surpassing first-quarter expectations on the top and bottom lines as rates rose. Johnson & Johnson’s results beat estimates and the drugmaker raised its 2023 guidance, lifting the Dow member 1% in premarket trading. Some of Tuesday’s bullish sentiment was dented after Goldman Sachs reported lighter-than-expected first-quarter revenue, dragged down by a $470 million hit from its Marcus loans. Shares slumped more than 3% premarket. In global economic news, China GDP rose at a 4.5% pace in the first quarter the highest level in a year and more than the 4% estimate. Stocks finished higher during Monday’s regular trading session. The Dow Jones Industrial Average rose 100.71 points, or 0.3%. The S&P 500 gained 0.33%, while the Nasdaq Composite added 0.28%. While earnings results so far have proved resilient, traders are on the lookout for insight into how companies are holding up amid persistent inflation and rising interest rates, paying close attention to financials after dual bank failures last month sent shockwaves across the sector. “There’s been a lot of pessimism about the economic outlook, about the financial outlook, since the beginning of last year,” Yardeni Research’s Ed Yardeni said Monday on CNBC’s “Closing Bell.” “I have said that I think we’re in a recession. We’ve been in a recession since last year. But it’s a rolling recession, and it keeps rolling in different industries, and all in all, it isn’t adding up to an economywide recession,” Yardeni added. On the economic front, traders are watching for the latest housing starts and building permits data. March housing starts are expected to fall 3.4% to 1.40 million units, according to consensus estimates from Dow Jones. March building permits data is forecasted to drop 4.9% to 1.45 million units, according to economists polled by Dow Jones. Asia-Pacific markets were mixed as China’s economy grew more than expected at 4.5% year-on-year, beating estimates to see growth of 4% in a Reuters poll. The onshore Chinese yuan slightly strengthened following the report. The Shanghai Composite reversed earlier losses and closed 0.23% up, while the Shenzhen Component climbed 0.04%. In Hong Kong, the Hang Seng Index declined 0.77% as consumer cyclicals and technology dragged down the index. Australia’s S&P/ASX 200 fell 0.29% to end the day at 7,360.2, while South Korea’s Kospi fell 0.19% to close at 2,571.09 and the Kosdaq ended the day marginally down at 909.02. Japanese markets bucked the trend in the region, with the Nikkei 225 closing up 0.51% at 28,658.83, posting its eight straight day of gains and the Topix gaining 0.69% to end at 2,040.89 as financials and healthcare led the index. Oil fell for a second day on Tuesday as upbeat Chinese economic data failed to deflect the focus from a possible increase to U.S. interest rates and wider concern about the growth outlook. Crude prices were also pressured by the Iraq federal government and Kurdistan Regional Government (KRG) taking a step towards a resumption in northern oil exports from the Turkish port of Ceyhan after they were halted last month. Brent crude last fell 10 cents, or 0.12%, to $84.66 a barrel, giving up early gains. U.S. West Texas Intermediate lost 15 cents, or 0.2%, to $80.67. Gold prices rose on Tuesday, buoyed by a weaker dollar, while investors looked for more clarity on the U.S. Federal Reserve’s rate hike path ahead. Spot gold last rose 0.44% to $2,003.45 per ounce. U.S. gold futures were also up 0.46% to $2,016.30.