US equity futures exhibited a positive trend pre-bell on Tuesday as traders absorbed the initial significant earnings reports of the Q3 earnings season. The Dow Jones Industrial Average futures saw a gain of 0.2%, while S&P 500 futures increased by 0.4%, and Nasdaq futures rose by 0.5%. In a noteworthy development, food and beverage manufacturer PepsiCo reported its adjusted earnings for fiscal Q3, which exceeded analysts' expectations despite its revenue falling short.
This mixed financial performance has drawn the attention of investors as PepsiCo navigates through a dynamic market landscape. Meanwhile, oil prices witnessed a decline, with front-month global benchmark North Sea Brent crude decreasing by 2.2% to settle at $79.16 per barrel. Similarly, US West Texas Intermediate crude saw a decrease of 2.3%, trading at $75.34 per barrel.
Investors are also keenly awaiting the release of the US trade deficit data, set for 8:30 am ET, which is anticipated to narrow to $70.1 billion in August from the prior month's figure of $78.8 billion. These developments illustrate the key movements within the US market as the earnings season unfolds..