U.S. stock futures rose early Tuesday to start out a shortened trading week, as investors kept an eye on Washington for developments on the global trade front. Dow Jones Industrial Average futures advanced 80 points, or 0.1%. S&P 500 futures and Nasdaq-100 futures climbed 0.3% and 0.4%, respectively. Wall Street is coming off a winning week for the major averages. The Dow Jones Industrial Average gained roughly 0.6% last week, while the S&P 500 advanced 1.5%. The Nasdaq Composite rose 2.6%. Much of last week’s advance came Thursday after President Donald Trump’s plan for reciprocal tariffs on countries with levies on U.S. goods soothed investors who worried they would be more stringent. Stocks have been choppy to start the year but, even with ongoing concerns around trade and inflation, a look at the major averages show that they are not too far off their recent highs as investors scan for a catalyst for the next leg higher. The 30-stock Dow and the Nasdaq are about 1% off their recent records, while the S&P 500 is just 0.2% off its own milestone. “As earnings expectations accelerate and the share repurchase window opens for most companies, the key tenets of the bear argument are breaking down, and odds are improving that the S&P 500 breaks out of the trading range it has been stuck in since the election,” wrote Mark Hackett, chief market strategist at Nationwide. Earnings season continues Tuesday. Occidental Petroleum and Arista Networks are among the companies set to report results. U.S. Treasury yields were higher on Tuesday after a day’s holiday, as investors looked toward the FOMC meeting minutes later this week and digested a bond selloff in Europe. The 10-year Treasury yield was up 3.7 basis points at 4.515%, while the 2-year Treasury yield was up more than 2 basis point at 4.282%. One basis point is equivalent to 0.01%, and yields share an inverse relationship with prices. The move higher comes after European bond yields increased significantly on Monday on expectations that countries across the region will hike their defense spending. Asia-Pacific markets traded mixed Tuesday, a day after Chinese President Xi Jinping signaled support to the country’s private sector and urged businesses to “show their “talents.” Australia’s S&P/ASX 200 ended the day 0.66% lower at 8,481, after the Reserve Bank of Australia cut rates by 25 basis points to 4.1%, in line with Reuters’ estimates. This marks the RBA’s first rate cut in over four years. Japan’s benchmark Nikkei 225 ended the day 0.25% higher at 39,270.40, while the broader Topix index advanced 0.31% to close at 2,775.51. South Korea’s Kospi gained 0.63% to close at 2,626.81 while the small-cap Kosdaq rose 0.67% to 773.65. Mainland China’s CSI 300 Index lost 0.88% in choppy trading to close at 3,912.78. Hong Kong’s Hang Seng index rose 1.59% to close at 22,976.86, while the Hang Seng tech ended the day up 2.54% at 5,639, reversing course from the losses in the previous session after Xi’s comments in a rare closed-door symposium. Oil extended gains on Tuesday after a drone attack on an oil pipeline pumping station in Russia reduced flows from Kazakhstan, though prices were kept in check by the prospect of rising supply. Brent crude futures gained 44 cents, or 0.6%, to $75.66 per barrel. U.S. West Texas Intermediate crude futures were up 91 cents from Friday’s close to $71.65 a barrel. There was no settlement for WTI on Monday because of the U.S. Presidents’ Day holiday. Gold prices rose for a second straight session on Tuesday, but traded below the recent all-time highs, as uncertainty around U.S. President Donald Trump’s tariff plans continued to fuel economic growth concerns and safe haven flows into bullion. Spot gold gained 0.6% at $2,913.79 an ounce. It hit a record high of $2,942.70 last week. U.S. gold futures added 0.9% to $2,925.50.