US equity futures showed a cautious decline on Tuesday as investors awaited the upcoming quarterly earnings report from technology powerhouse Alphabet (GOOGL). The Dow Jones Industrial Average futures experienced a slip of 0.3%, while S&P 500 futures saw a slight decline of 0.1%. Nasdaq futures remained relatively stable during this period. Alphabet is set to release its earnings after the market closes, alongside prominent financial technology firm Visa (V) and semiconductor giant Advanced Micro Devices (AMD).
In contrast, fast-food leader McDonald's (MCD) has already announced its third-quarter adjusted earnings and revenue figures, surpassing analysts' expectations. In the commodities market, oil prices witnessed an uptrend, with the front-month global benchmark North Sea Brent crude rising by 1.1% to $71.78 per barrel.
Similarly, US West Texas Intermediate crude saw a 1.3% increase, reaching $68.28 per barrel. The US trade in goods deficit, scheduled for release at 8:30 am ET, is projected to widen to $95.9 billion in September from the previous $94.22 billion, based on estimates compiled by Bloomberg. Following this, the Federal Housing Finance Agency's House Price index is anticipated to show a modest rise of 0.1% in August, aligning with the increase observed in the prior month, when it is released at 9 am ET. At 10 am ET, the Consumer Confidence index is expected to rise to 99.5 in October, an increase from the previous figure of 98.7.
Additionally, forecasters predict that job openings, indicated by the Labor Department's Job Openings and Labor Turnover Survey, will total 7.9 million for September, down from the August figure of 8 million. As the financial landscape evolves, market participants remain attentive to these key indicators and corporate earnings that could shape future trends..