U.S. futures advance as earnings from major companies improve investor sentiment: Dow Jones, S&P, Nasdaq, Wall Street

Strong corporate results support pre-market trading

U.S. equity futures traded higher on Tuesday as investors responded positively to another round of stronger-than-expected corporate earnings, positioning markets for a rebound after Monday’s decline.

The improved mood followed upbeat quarterly reports from several large companies, encouraging investors to re-enter the market after recent selling pressure.

3M, General Motors and Novartis lift the market

Industrial giant 3M (NYSE:MMM) climbed more than 7% in pre-market trading after posting quarterly earnings and revenue above expectations while increasing its full-year guidance.

General Motors (NYSE:GM) also moved higher after reporting second-quarter results that exceeded analyst forecasts and raising its outlook for 2026.

Healthcare company Novartis (NYSE:NVS) joined the rally after delivering second-quarter earnings that also surpassed market estimates.

Technology shares added to the positive tone, with Nasdaq 100 futures gaining around 1.2% ahead of the opening bell.

Focus shifts to Big Tech earnings

Despite the stronger start, investors remain cautious ahead of a busy earnings calendar later this week.

Quarterly reports from Alphabet (NASDAQ:GOOGL), IBM (NYSE:IBM) and Tesla (NASDAQ:TSLA) are expected to provide important updates on enterprise spending, artificial intelligence investment and broader economic trends.

Oil rally tempers market enthusiasm

Higher energy prices continued to cloud the outlook for equities.

U.S. crude oil futures advanced roughly 2% as tensions between the United States and Iran persisted, raising concerns that elevated oil prices could complicate the inflation outlook and delay potential interest-rate cuts.

Monday ended with broad market losses

Although Wall Street opened higher on Monday, buying momentum faded as geopolitical risks and rising Treasury yields prompted investors to reduce exposure.

The Dow Jones Industrial Average dropped 0.6%, the S&P 500 declined 0.2% and the Nasdaq Composite slipped 0.1%.

Housing stocks led the declines as higher bond yields weighed on the sector, while pharmaceutical, biotechnology, transportation and healthcare shares also lost ground. Software companies were among the session’s strongest performers.

Separately, the Conference Board reported that its Leading Economic Index fell 0.2% in June, a slightly weaker reading than economists had anticipated.