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US stock futures pushed up on Tuesday as Wall Street regained its balance after a tumultuous week and braced for the next wave of corporate earnings.
Futures attached to the Dow Jones Industrial Average (YM=F) hovered around the flatline. Those on the benchmark S&P 500 (ES=F) rose 0.2%, and those tied to the Nasdaq 100 (NQ=F) were up 0.3%.
Palantir (PLTR) stock rose in premarket trading after the company’s earnings report beat expectations and revealed its revenue had topped $1 billion in a quarter for the first time.
On Monday, stocks sharply rebounded after tanking on Friday in the aftermath of a number of market-shaking events, including a weak jobs report, fresh tariffs, new signs of rising prices, and President Trump’s firing of the commissioner of the Bureau of Labor Statistics. Meanwhile, Trump continued to amp up pressure on trade Monday, threatening to hike tariffs on India.
Read more: The latest on Trump’s tariffs
Wall Street is now focused on the continuation of earnings season. On Tuesday, AMD (AMD) and Rivian (RIVN) are set to report their results. McDonald’s (MCD) and Disney (DIS) earnings land Wednesday. However, another trade blow looms later in the week, with Trump’s latest iteration of global tariffs set to take effect.
LIVE 6 updates
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Wall Street 2025 bonuses: Winners and losers so far
Yahoo Finance’s David Hollerith reports:
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Good morning. Here’s what’s happening today.
Economic data: S&P Global US Services PMI (July final) S&P Global US Composite, (July final); ISM services index (July)
Earnings: AMD (AMD), BP (BP), Caterpillar (CAT), Duke Energy (DUK), Lucid Group (LCID), Opendoor (OPEN), Pfizer (PFE), Rivian (RIVN), Super Micro Computer (SMCI), Snap (SNAP), Upstart (UPST)
Here are some of the biggest stories you may have missed overnight and early this morning:
One key reason a slowing economy isn’t shaking stock market bulls
Wall Street 2025 bonuses: Winners and losers so far
Big Tech is power-hungry, and America’s aging grid can’t keep up
Pfizer beats in Q2 earnings, reaffirms 2025 outlook
Trump’s Fed pick could face resistance from colleagues on rates
Intel struggles with key manufacturing process for next chip
EU says it expects turbulence in trade relations with US
Jefferies sees crowded trade in Big Tech as Fed nears rate cuts
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Pfizer stock rises after beating Q2 earnings, reaffirming 2025 outlook
Pfizer (PFE) stock rose 2% in premarket trading Tuesday after beating quarterly estimates on the top and bottom lines.
The company posted earnings per share of $0.78, versus estimates of $0.58 per share, on revenue of $14.7 billion, compared to Wall Street expectations of $13.5 billion.
Yahoo Finance’s Anjalee Khemlani reports:
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One key reason a slowing economy isn’t shaking stock market bulls
Yahoo finance’s senior reporter Josh Schafer looks at why softening economic data may not be as important for stocks as AI:
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Oil flattened from multi-day drop after Trump’s India rebuke
Oil prices steadied from a three-day decline following a ramping up of threats from Trump to India over the Asian nation’s continued use of Russian crude.
Bloomberg reports:
