Dow Jones industrial futures rose 1 percent to 12,456. The broader S&P 500 futures gained 1.1 percent to 1,290. The Nasdaq composite rose almost 1 percent to 2,368.
Late Monday, Alcoa CEO Klaus Kleinfeld predicted that global aluminum demand will increase 7 percent in 2012.
Alcoa's earnings gave investors hope for a strong earnings season in the U.S. They also are looking to a new round of talks in Berlin for progress in solving Europe's debt crisis. European markets are sharply higher.
On the negative side, luxury jeweler Tiffany & Co. reported weak holiday sales growth U.S. and Europe and shares dropped 7 percent in premarket trading. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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