Traders work at the New York Stock Exchange on July 30, 2025.
NYSE
Stock futures were slightly higher on Tuesday, following Wall Street’s rebound, as investors followed the latest batch of corporate earnings and new comments on the tariff front.
S&P 500 futures advanced 0.1%, and Nasdaq 100 futures gained 0.3%. Dow Jones Industrial Average futures were flat.
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 10% after second-quarter revenue missed Wall Street’s expectations.
Weighing on sentiment, stock futures came off their highest levels after President Donald Trump told CNBC that tariffs on chips and pharmaceuticals were coming soon.
The 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.
“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.