Stock futures edged higher on Tuesday after the broad-market index notched a second winning day in the prior session. Futures tied to the S&P 500 were up nearly 0.3%, while Nasdaq 100 futures added 0.2%. Futures tied to the Dow Jones Industrial Average advanced 123 points, or 0.3%. Shares of Nvidia, which closed at a record on Monday, moved 2.3% higher in early morning trading after the company unveiled new chips for desktop and laptop PCs that use the same Blackwell architecture. Tesla slipped 2% in the premarket after Bank of America downgraded the electric vehicle maker given its high valuation and risks associated with its strategy. Monday’s advances for the broad-market index and the Nasdaq were propelled by a surge in chip stocks after Foxconn reported record fourth-quarter revenue. Another catalyst for stocks was a report by the Washington Post that said President-elect Donald Trump’s tariff plan would be narrower than previously expected. Trump later disputed the report in a Truth Social post. Investors should expect further market volatility as the year progresses, according to Cameron Dawson, chief investment officer at NewEdge Wealth. “That is our base case, this idea that you’re going into 2025 with such a higher bar that it sets up for some choppy price action when you consider the valuations that we’re starting the year with, where positioning is and where most expectations are,” she said on CNBC’s “Closing Bell” Monday afternoon. Major economic reports that will shape the market’s action loom ahead this week. The Job Openings and Labor Turnover Survey is due on Tuesday, while the ADP private payrolls report is slated for Wednesday. The main event awaits on Friday in the form of December’s nonfarm payrolls report. It is a four-day trading week, with the New York Stock Exchange closed on Thursday in honor of the late former President Jimmy Carter. U.S. Treasury yields were mixed on Tuesday as investors awaited the latest key data that will provide fresh insights into the state of the economy and the labor market. The 10-year Treasury yield was up by 2 basis points at 4.638%. The 2-year Treasury yield was last slightly higher at 4.279%. Asia-Pacific markets rose Tuesday, following an overnight rally in technology shares on Wall Street that saw the S&P500 and Nasdaq Composite post back-to-back gains. A rally in tech stocks propelled a 1.97% rise in Japan’s Nikkei 225, which led gains among its regional peers and closed at 40,083.3. The broad-based Topix gained 1.1% and ended at 2,786.57. South Korea’s Kospi advanced 0.14% to 2,492.1, with chip heavyweight Samsung Electronics reversing earlier gains to fall 0.89%. The small-cap Kosdaq was up marginally to close at 718.29. Australia’s S&P/ASX 200 traded 0.34% higher, marking a fourth day of gains and finishing at 8,285.1. Hong Kong’s Hang Seng index tumbled 1.43% in its final hour, while mainland China’s CSI 300 was up 0.72% to 3,796.1. Oil prices climbed on Tuesday reversing earlier declines, as fears of tighter Russian and Iranian supply due to escalating Western sanctions lent support. Brent futures were up 74 cents, or 0.97%, to $77.04 a barrel at 7:32 a.m. ET, while U.S. West Texas Intermediate (WTI) crude climbed 61 cents, or 0.83%, to $74.17. Gold prices rose on Tuesday as the U.S. dollar eased due to uncertainty around President-elect Donald Trump’s tariff plans, with further support coming from top consumer China’s central bank adding to its gold reserves for a second straight month. Spot gold was up 0.3% at $2,642.32 per ounce. U.S. gold futures rose 0.2% to $2,653.60.