Wall Street set to edge up as earnings season begin

Futures tipped the S&P 500 to rise 0.3 per cent, after a turbulent session in New York on Monday, where the benchmark stock index ended almost 1 per cent lower after briefly crossing into positive territory for the year. The tech-heavy Nasdaq Composite fell 2.1 per cent. The Cboe’s Vix index of S&P 500 volatility, known as Wall Street’s fear gauge, was elevated above 30 on Tuesday following the sharp declines.