US equity futures were mostly pointing lower before the opening bell Tuesday as traders awaited the latest financial results of several major companies. The Standard & Poor's 500 index declined by 0.1%, while the Nasdaq saw a decrease of 0.2% in premarket activity. Meanwhile, the Dow Jones Industrial Average managed to remain slightly in the green despite the overall bearish sentiment in the market.
Asian exchanges exhibited a mixed to lower performance, and most European bourses were tracking in the red, indicating a cautious global market environment as investors keep a keen eye on upcoming earnings reports. Today, high-profile companies such as UnitedHealth, Johnson & Johnson, Bank of America, Goldman Sachs, Citigroup, PNC Financial Services, State Street, Albertsons, and Walgreens Boots Alliance are scheduled to report their earnings before the market opens.
In addition, United Airlines, Omnicom, and J.B. Hunt Transport Services are set to release their financial results after the markets close, suggesting an eventful day for traders focused on these major players. The economic calendar for Tuesday is relatively thin, featuring the Empire State Manufacturing Index for October scheduled for 8:30 AM ET, which could provide additional insights into the economic landscape.
Furthermore, key figures from the Federal Reserve are poised to deliver speeches throughout the day: Mary Daly from the Federal Reserve Bank of San Francisco is set to speak at 11:30 AM, while Federal Reserve Governor Adriana Kugler will take the stage at 1:05 PM. In the evening, Atlanta Fed President Raphael Bostic is slated to address the public at 7 PM.
In a notable move in the markets, shares of Trump Media & Technology jumped 9.2% in pre-bell trading following the launch of its Truth+ TV streaming service, showcasing investor enthusiasm for new media ventures. In contrast, Nvidia experienced a decrease of 1.3% after successfully closing the previous session with a gain of 2.4%.
On a positive note, Ericsson's US-listed stock advanced 9.7% after the company released its most recent quarterly results, reflecting strong performance in the telecom sector. As traders brace for the market's opening, bitcoin has fallen by 0.5% to $65,655, indicating that the cryptocurrency market is also under pressure.
Additionally, West Texas Intermediate crude oil has witnessed a significant drop of 4.9% to $70.18 a barrel, highlighting ongoing volatility in the energy sector. Treasury yields on 10-year notes retreated by 0.8 basis points to 4.07%, and gold prices increased by 0.2% to $2,672 an ounce, creating a mixed atmosphere across multiple asset classes..