* IBM rallies on strong new services business
* Goldman falls after results, weighing on BofA
* Housing starts touch six-month high
* Futures up: Dow 76 pts, S&P 6.8 pts, Nasdaq 22.5 pts
* For up-to-the-minute market news see [STXNEWS/US] (Updates prices, adds housing starts data)
By Ryan Vlastelica
NEW YORK, July 19 (Reuters) - U.S. stock index futures pointed to a higher open on Tuesday after a strong quarterly report from IBM and a surge in housing starts, sparking investor optimism a day after a selloff.
Bank stocks were also in focus after Goldman Sachs Group
Inc
Dow component International Business Machines Corp
Housing starts topped forecasts in June to touch a six-month high, and permits for future construction unexpectedly increased, the government reported, likely reflecting growing demand for rental apartments. [ID:nLDE76I14Y]
"The broad feeling in markets today seems to be one of relief," said Andrew Wilkinson, senior market analyst at Interactive Brokers Group in Greenwich, Connecticut.
"There's a sense that corporations are growing at a healthy clip, the housing starts was very encouraging, and that's allowing us to be unfazed by Goldman."
S&P 500 futures
Goldman's second-quarter net income rose but fell short of lowered expectations as fixed income trading revenue dropped sharply. Bank of America posted a second-quarter net loss of $8.8 billion after a big settlement with mortgage bond investors. [ID:nLDE76I122] and [ID:nN1E76H0D0]
Goldman fell 3.3 percent to $125.10 before the bell, while Bank of America edged 0.6 percent lower to $9.66.
Coca-Cola Co
Coke rose 0.4 percent to $67.40, while J&J was 0.3 percent higher at $67.31. Both stocks are Dow components.
The latest reports followed strong results from JPMorgan
Chase & Co
Two weeks before a final deadline, U.S. President Barack Obama and top lawmakers faced more pressure for a deal to raise the debt ceiling amid a growing sense that a last-ditch plan taking shape in Congress may be the only way to avoid a U.S. default. [ID:nN1E76H1Y0]
U.S. stocks dropped on Monday as bank shares bore the brunt of investor frustration over governments' inability to solve debt crises in the United States and Europe. (Editing by Jeffrey Benkoe)