Stock futures were slightly higher early Tuesday, following Wall Street’s rebound, as investors followed the latest batch of corporate earnings. S&P 500 futures advanced 0.3%, and Nasdaq 100 futures gained 0.4%. Dow Jones Industrial Average futures were flat, however, as Caterpillar dropped 2%. Palantir shares jumped 6% as the defense technology company said revenue surpassed $1 billion for the first time. On the other hand, Caterpillar posted weaker-than-expected earnings, sending the shares lower. Hims & Hers Health fell more than 12% after second-quarter revenue missed Wall Street’s expectations. Monday night’s moves come after a winning day on Wall Street that allowed stocks to recover losses from the prior session. The market tanked on Friday as the latest policy rollout on tariffs and a weak jobs report left investors questioning the health of the economy. All three of the major indexes ended the week in the red. But the S&P 500 was able to jump about 1.5% on Monday, snapping a four-day losing streak. More than four out of every five members of the benchmark average advanced in the session. The technology-heavy Nasdaq Composite surged nearly 2%, while the Dow climbed about 585 points to erase its Friday loss. The small-cap focused Russell 2000 jumped more than 2%. “You have to respect the momentum that the market has had. We’re still in a very powerful uptrend,” said Cameron Dawson, chief investment officer at NewEdge Wealth, on CNBC’s “Closing Bell.” But, “it wouldn’t be surprising to see some chop as we move through August.” Investors on Tuesday will watch for more earnings reports, with names like Snap, Advanced Micro Devices and Rivian scheduled for after the close. Out of the 370 companies in the S&P 500 that have already reported this reporting season, more than 81% have beaten expectations, according to FactSet. The 10-year Treasury yield inched higher as investors assessed developments related to U.S. President Donald Trump’s tariff rates and looked toward data on July’s services sector activity, slated for release later in the day. The benchmark 10-year note yield was less than 2 basis points higher at 4.214%, while the 30-year bond was less than 2 basis points higher at 4.807%. The 2-year Treasury note yield also climbed more than 2 basis points to 3.704%. Asia markets started the trading day in the green. Japan’s benchmark Nikkei 225 was up 0.54%, while the Topix inched higher 0.45%. South Korea’s Kospi gained 1.77%, and the small-cap Kosdaq rose 1.83%. Australia’s S&P/ASX 200 gained 0.84%. Oil was little changed on Tuesday as traders assessed rising OPEC+ supply and worries of weaker global demand, against U.S. President Donald Trump’s threats to India over its Russian oil purchases. The Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, agreed on Sunday to raise oil production by 547,000 barrels per day for September, a move that will end its most recent output cut earlier than planned. Brent crude futures were down 54 cents, or 0.8%, to $68.22 a barrel, while U.S. West Texas Intermediate crude slipped 62 cents to $65.67. Both contracts fell by more than 1% on Monday to settle at their lowest in a week. Gold slipped on Tuesday due to an uptick in the dollar, though prices remained near a two-week high on growing expectations of a U.S. rate cut in September. Spot gold was down 0.2% at $3,365.45 per ounce. Bullion hit its highest since July 24 on Monday at $3,385.29. U.S. gold futures were unchanged at $3,423.20. The dollar index rose 0.2% from a one-week low hit earlier in the session, reducing gold’s appeal to other currency holders.
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