Stock futures moved higher on the heels of the S&P 500 and Nasdaq Composite eking out yet another record despite a market rally failing to materialize. S&P 500 futures and Nasdaq 100 futures gained 0.2% and 0.4%, respectively. Futures tied to the Dow Jones Industrial Average added 67 points or 0.1%. The broad market index and the Nasdaq hit new all-time and closing highs during Monday’s trading session. It was the 15th record close for the broad market index in 2025. Shares of Boeing were marginally higher after a solid earnings print that also saw the company deliver the most airplanes since 2018. Procter & Gamble stock inched higher on a higher-than-expected full-year revenue forecast. The S&P 500′s initial moderate gains earlier in the day followed President Donald Trump’s announcement Sunday that the U.S. has struck a trade deal with the European Union, an agreement that will impose 15% tariffs on most goods imported from Europe, including automobiles. The president also said Monday that the baseline global tariff rate will be “in the range of 15 to 20%.” While investors effectively looked past the U.S.-EU trade deal, they will be watching for any other potential deals between the U.S. and other countries, such as China, to be announced by Friday’s tariff deadline. Top U.S. and Chinese officials met in Stockholm Monday for another round of trade talks. Tariffs and inflation will remain a focal point throughout the week in other areas as well. The Federal Reserve is set to offer its decision on interest rates Wednesday following its two-day policy meeting. Central bank policymakers are widely expected to keep their benchmark overnight policy rate steady in a range of 4.25% to 4.5%. This week also marks the busiest week of earnings season, with more than 150 S&P 500 companies due to report. That includes several “Magnificent Seven” companies, namely Meta Platforms and Microsoft slated for Wednesday as well as Amazon and Apple for Thursday. Additionally, UPS, Procter & Gamble, Merck and Boeing are among several names reporting before the bell Tuesday. “If we get no surprises in earnings and some dovish comments by the Fed, it’s likely we’ll see yet more new highs by the end of the week,” Louis Navellier, founder and chief investment officer at Navellier & Associates, said in a recent note. As it stands, 170 S&P 500 companies have reported their quarterly results, and more than 83% have beaten expectations, according to FactSet data. It’s a big week for data, with the Job Openings and Labor Turnover Survey due Tuesday, the ADP private payrolls report Wednesday and weekly jobless claims Thursday. Also on Wednesday, the Commerce Department will release its first estimate of gross domestic product growth for the second quarter. July’s nonfarm payrolls due Friday will be a key event for traders. Economists polled by Dow Jones expect the report to show 100,000 jobs added in July, less than the 147,000 added in June. The unemployment rate is anticipated to rise slightly to 4.2% from 4.1%. U.S. Treasury yields edged lower on Tuesday, a day before the Federal Reserve’s interest rate decision. The 10-year Treasury yield slipped 2.8 basis points to 4.394%. The 2-year yield was little changed at 3.916%, and the 30-year yield was down 3.4 basis points to 4.931%. Asia markets ended the trading day mixed. Japan’s Topix lost 0.75% to close at 2,908.64. The country’s benchmark Nikkei 225 declined 0.79% to end the trading day at 40,674.55. Australia’s S&P/ASX 200 closed flat at 8,704.6. Mainland China’s CSI 300 slid 0.39% to 4,152.02. South Korea’s Kospi rose 0.66% to close at 3,230.57. Oil extended gains on Tuesday, lifted by hopes of improved economic activity after the U.S.-EU trade deal, a potential U.S.-China tariff truce and President Donald Trump’s shorter deadline for Russia to end the Ukraine war. Brent crude futures were up 24 cents, or 0.34%, to $70.28 a barrel by 0000 GMT, while U.S. West Texas Intermediate crude was at $66.93 a barrel, up 22 cents, or 0.33%. Both contracts settled more than 2% higher in the previous session, and Brent touched its highest level since July 18 on Monday. Gold prices were little changed on Tuesday, hovering near a three-week low, as easing fears of a global tariff war and a stronger dollar dampened bullion’s safe-haven appeal. Spot gold held its ground at $3,318.79 per ounce, as of 0210 GMT. Bullion hit its lowest level since July 9 in the previous session. U.S. gold futures edged 0.2% higher to $3,317.50. “Gold trading at circa $3,300 or below is still getting the attention of buyers. While short-term market dynamics courtesy of trade deals and a stronger USD aren’t helping gold, looking further ahead there is still upside potential,” KCM Trade Chief Market Analyst Tim Waterer said.