All three major indices closed Tuesday's session in the green, bouncing back from a down day of trading Monday, though all three indices closed trading off of their session highs.
The Dow Jones Industrial Average rose 0.43%, or 108 points to 25,415, while the Nasdaq rose 0.55%, or 42 points to 7,672, and the S&P 500 gained 0.49%, or 14 points to 2,816.
Kroger Considers Expanding Visa Ban
Foods Co. announced the change Monday, citing interchange rates as the reason for the decision. The change will become effective August 14. The company will still accept Visa debit cards, however.
"Visa's rates and fees are among the highest of any credit card brand," Foods Co. said in a statement. "The savings will be passed along to Foods Co. customers in the form of low everyday prices on the items shoppers purchase most."
Kroger, the country's largest grocery chain, told the Peoria Journal Star that it is also considering banning Visa credit cards.
P&G Falls on Weak Quarter, But Provides Upbeat Guidance
Shares of Procter & Gamble (PG) were falling 1.5% premarket after the consumer goods company reported fourth-quarter earnings of $0.94 per share, four cents better thane expected, however, the company's organic sales expectations missed by 1%.
The company also reported a decline in pricing for the third straight quarter leading to a weaker than expected gross margin in spite of the company's earnings beat.
The company said that it is attempting to raise prices for its Pampers diapers in North America by a line average of 4%. The company also said that it has asked its retail partners to raise the average list prices of its Puffs, Charmin and Bounty products by 5%.
Sony's PlayStation Powers Company to Quarterly Beat
Sony (SNE) shares are up 3% premarket after the electronics and media company reported a second-quarter that outperformed its efforts last year.
The company reported a net profit of 226.4 billion yen ($2.04 billion) on revenue of 1.95 trillion yen ($17.55 billion) compared to a net profit of 80.9 billion yen on 1.96 trillion in revenue last year.
The company's strong quarter was bolstered by a solid quarter from its PlayStation video game unit. PlayStation had the highest operating profit of any of the company's business units, including smartphones and movies.
U.S. futures were rising across the board Tuesday morning ahead of the opening bell as markets look to bounce back from a dismal day of trading to start the week.
Dow futures were up 0.11%, indicating an open 29 points higher to 25,314, while S&P futures were up 0.25%, indicating an open 7 points higher to 2,810, Nasdaq futures were rising 0.3%, indicating an open 22 points higher to 7,222.
Asian markets were mixed with the Hang Seng falling 0.52%, the Shanghai Composite rising 0.26% and the Nikkei climbing 0.04%.
European markets were also mixed, with the DAX falling 0.11%, the CAC 40 climbing 0.19% and the FTSE 100 rising 0.66% with about four hours left in trading.